Scottish Investment Trust PLC Result of General Meeting (8058W)

TIDMSCIN

RNS Number : 8058W

Scottish Investment Trust PLC

22 August 2022

22 August 2022

THE SCOTTISH INVESTMENT TRUST PLC (the "Company")

Result of First General Meeting

Result of First General Meeting

In connection with the proposals for a combination of the assets of the Company with JP Morgan Global Growth & Income plc ("JGGI") by means of a scheme of reconstruction and winding up of the Company under section 110 of the Insolvency Act 1986 (the "Scheme"), the Board is pleased to announce that the special resolution, which was put forward at the First General Meeting held today, has been approved by Shareholders.

Details of the number of proxy votes cast for, against and withheld in respect of the resolution, which was held on a poll, are set out below and will also be published on the Company's website: https://thescottish.co.uk/.

 
    Special Resolution            Votes          %      Votes      %       Votes      % Issued     Votes 
                              For (including            Against             Total       Share     Withheld 
                              Discretionary)                                           Capital 
      To approve (i) 
      the Scheme (ii) 
     the implementation 
       of the Scheme; 
       and (iii) the 
      changes required 
       to be made to 
       the Company's 
  articles of association 
   in order to implement 
        the Scheme.            18,276,371      98.83   216,391    1.17   18,492,762    27.95      257,317 
                            ----------------  ------  ---------  -----  -----------  ---------  ---------- 
 

The full text of the special resolution can be found in the notice of First General Meeting contained in the Company's circular to Shareholders dated 5 August 2022 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at https://thescottish.co.uk/combinationwithjggi.

As disclosed in the Circular, an application will be made to the FCA for the listing of the SIT Shares and the SIT Debenture Stock to be suspended at 7.30 a.m. on 31 August 2022.

Pre-liquidation interim dividend

As announced on 5 August 2022, a pre-liquidation interim dividend of 9.4 pence per Share will be paid on 30 August 2022 to Shareholders on the register on 19 August 2022.

Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires.

Enquiries:

The Scottish Investment Trust PLC

James Will (Chairman) (via Investec Bank plc) T: [phone]

JPMorgan Funds Limited

Simon Crinage T: [phone]

Fin Bodman

Investec Bank plc (Corporate Broker)

Tom Skinner (Corporate Broking) T: [phone]

David Yovichic (Corporate Finance)

Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

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END

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August 22, 2022 08:03 ET (12:03 GMT)