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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Baillie Gifford China Growth Trust Plc | LSE:BGCG | London | Ordinary Share | GB0003656021 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.50 | 1.79% | 199.50 | 199.00 | 201.00 | 200.00 | 198.50 | 198.50 | 42,076 | 16:35:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -9.97M | -12.55M | -0.2023 | -9.84 | 123.41M |
From Apr 2021 to Apr 2024
TIDMBGCG
RNS Number : 8262C
Baillie Gifford China Grwth TrstPLC
23 June 2021
BAILLIE GIFFORD CHINA GROWTH TRUST PLC (BGCG)
Legal Entity Identifier: 213800KOK5G3XYI7ZX18
November 2020 General Meeting - Update Statement
When announcing the results of the General Meeting held on 26 November 2020 Baillie Gifford China Growth Trust plc (the "Company") noted the significant vote against Resolution 2. As explained fully in the Circular, Resolution 2 sought approval to renew the Company's shareholder authority to issue further Ordinary Shares on a non pre-emptive basis prior to the Company's next annual general meeting. The Circular noted that the Directors would only use the authority to disapply pre-emption rights and issue Ordinary Shares at a premium to NAV.
The Company's broker has contacted relevant shareholders and re-iterated the context in which the Resolution was proposed.
Further, the Board discussed the matter with its advisers and for the General Meeting on 18 March 2021 and the Annual General Meeting on 16 June 2021 the resolutions to issue further Ordinary Shares on a non pre-emptive basis were split into two separate resolutions for 10% each rather than one resolution for 20%. As reported by the Company the votes against the resolutions ( as a % of total votes cast) at the General Meeting on 18 March 2021 were 1.4% and 9.3% respectively and at the Annual General Meeting on 16 June 2021 were 0.7% and 3.0% respectively. The circular for the General Meeting in March 2021 and the Annual Report for 2021 clearly set out the rationale for the issuance authority and the circumstances in which they would be used.
Baillie Gifford & Co Limited
Company Secretaries
23 June 2021
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.
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END
MSCFIFITRRIVFIL
(END) Dow Jones Newswires
June 23, 2021 04:09 ET (08:09 GMT)
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