Edinburgh Worldwide
Investment Trust plc
Legal
Entity Identifier: 213800JUA8RKIDDLH380
Full Voting Result of
Requisitioned General Meeting
Following a Requisitioned General Meeting of
Edinburgh Worldwide Investment Trust plc (the "Company"), the Board
of Directors ("Board") announces that none of the resolutions
proposed by Saba Capital Management L.P. were passed.
Of the total votes cast, 63.8% of shares were
voted against Saba's resolutions, in line with the recommendation
of the Board. A total of 36.2% of shares voted in favour of Saba's
resolutions, including the shares held by Saba.
Shareholders representing 64.7% of the total
issued share capital voted on the resolutions. The level of
shareholder participation in the vote was supported by a high level
of engagement by retail shareholders who hold their shares through
digital platforms.
The vote has been supervised by Civica Election
Services, whom the Board appointed as independent assessor to
report on the poll held at the Requisitioned General Meeting in
respect of each of the Requisitioned Resolutions.
Jonathan
Simpson-Dent, Chair of Edinburgh Worldwide Investment Trust,
said:
"Edinburgh Worldwide's shareholders have spoken:
they have rejected Saba Capital's proposal for a fundamentally
different strategy based on fundamentally different principles with
a fundamentally different investment approach.
"Today's result confirms that this unique
mandate still appeals, but shareholders also expect the Trust to
deliver. We took decisive action in 2024 with positive early
results. Our job now is to deliver the performance our shareholders
rightly expect."
|
Resolutions
|
Votes For
|
Votes Against
|
Total Votes Cast
|
Votes Withheld
|
|
Number
|
% of votes
cast
|
Number
|
% of votes cast
|
Number
|
% of total voting rights
|
Number
|
|
1. To remove Jonathan Simpson-Dent
as a director of the Company
|
86,787,077
|
36.2%
|
152,927,121
|
63.8%
|
239,714,198
|
64.7%
|
140,433
|
|
2. To remove Jane McCracken as a
director of the Company
|
86,796,679
|
36.2%
|
152,936,553
|
63.8%
|
239,733,232
|
64.7%
|
102,849
|
|
3. To remove Helen James as a
director of the Company
|
86,817,499
|
36.2%
|
152,901,499
|
63.8%
|
239,718,998
|
64.7%
|
102,083
|
|
4. To remove Caroline Roxburgh as a
director of the Company
|
86,770,790
|
36.2%
|
152,947,442
|
63.8%
|
239,718,232
|
64.7%
|
102,849
|
|
5. To remove Mungo Wilson as a
director of the Company
|
86,786,004
|
36.2%
|
152,927,994
|
63.8%
|
239,713,998
|
64.7%
|
102,083
|
|
6. To remove Mary Gunn a director of
the Company
|
86,801,870
|
36.2%
|
152,911,362
|
63.8%
|
239,713,232
|
64.7%
|
102,849
|
|
7. To appoint Paul Kazarian as a
director of the Company
|
86,709,281
|
36.2%
|
153,045,156
|
63.8%
|
239,754,437
|
64.7%
|
61,635
|
|
8. To appoint Jonathan Zucker as a
director of the Company
|
86,740,825
|
36.2%
|
153,013,751
|
63.8%
|
239,754,576
|
64.7%
|
61,496
|
Any proxy votes which are at the discretion of
the Chair have been included in the "Votes Against" total. Please
note a vote "Withheld" is not a vote in law and is not counted in
the calculation of the proportion of votes "For" and "Against" a
resolution.
As at the date of the General Meeting, the total
number of voting rights in the Company was 370,315,908.
The full text of the Requisitioned Resolutions
is contained in the Notice of Requisitioned General Meeting
contained in the Circular. The Circular is available for viewing on
the Company's website at https://www.trustewit.com/.
Teneo
EWIT@teneo.com
Iain Dey
Tel: +44 7976 295906
Oliver Bell
Tel: +44 7917 221748
Investors:
Deutsche Numis
David Benda
Nathan Brown
Tel: +44 20 7260 1000
Baillie Gifford & Co
Naomi Cherry
Tel: +44 131 275 2000
Notes
This announcement is released by the
Company and the information contained within this announcement is
deemed by the Company to constitute inside information for the
purposes of Article 7 of the UK version of the EU Market Abuse
Regulation (Regulation (EU) No.596/2014) which forms part of UK law
by virtue of the European Union (Withdrawal) Act 2018, as amended.
Upon the publication of this announcement via a Regulatory
Information Service, such information is now considered to be in
the public domain. The person responsible for arranging for the
release of this announcement on behalf of the Company is
Baillie Gifford & Co Limited, the Company
Secretary.
Baillie Gifford & Co
Limited
Company
Secretaries
14 February
2025
Regulated Information
Classification: Additional regulated information required to
be disclosed under applicable laws
