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| TIDM | EWI |
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Edinburgh Worldwide Investment Trust plc confirmed on 21 February 2025 that all procedural steps for the cancellation of its share premium account have been completed. This followed shareholder approval on 18 December 2024 and an order from the Court of Session of Scotland, resulting in £499.7 million being credited to the Company's distributable reserve.
| Date | 21 Feb 2025 |
| Time | 11:08:03 |
| Category | Miscellaneous |
| ID | 0596Y |
Edinburgh Worldwide Investment Trust plc
(the Company)
Legal Entity Identifier: 213800JUA8RKIDDLH380
21 February 2025
Cancellation of share premium account
Following the approval of shareholders on 18 December 2024 and the granting of an order following a final hearing in the Court of Session of Scotland (the Court) approving the cancellation of the share premium account (the Order), the Company is pleased to confirm that the Order has been registered at Companies House together with a statement of capital approved by the Court.
Therefore all procedural steps required in connection with the cancellation have now been completed with £499.7 million being credited to a distributable reserve of the Company.
Jonathan Simpson-Dent, Chair of the Company, said "Shareholders endorsed Edinburgh Worldwide at our General Meeting and AGM last week. Today's increase in distributable reserves completes another important milestone for the Trust and the Board is now developing plans for a capital return of up to £130m which will be announced in due course."
Baillie Gifford & Co Limited
Company Secretary
21 February 2025
Regulated Information Classification: Additional regulatory information required to be disclosed under applicable laws and regulations.
For further information please contact:
Investors:
Deutsche Numis
Nathan Brown
David Benda
Tel: +442072601275
Baillie Gifford & Co
Tel 0131 275 2000