Edinburgh Worldwide Inv Trust PLC Shareholder Update: Valid Requisition Confirmed

RNS Number : 2559S

Edinburgh Worldwide Inv Trust PLC

06 January 2025

 

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

06 January 2025

Further update for shareholders on Saba Capital's General Meeting Requisition

Confirmation of valid requisition

The Board of Edinburgh Worldwide Investment Trust (the "Company") can confirm that it has now received a valid requisition notice on behalf of Saba Capital Management, L.P. ("Saba") seeking a General Meeting at which resolutions will be proposed to replace the Board and appoint alternative directors (the "Requisition Notice").

This new Requisition Notice supersedes Saba's earlier request for a shareholder vote, which did not comply with Section 303 of the Companies Act 2006.

Accordingly, the Board will now convene a general meeting, further details and the timing of which will be shared in due course.

The Board will urge ALL investors to VOTE AGAINST Saba's proposed resolutions

Jonathan Simpson Dent, chair of Edinburgh Worldwide, said: "Edinburgh Worldwide is an exciting and unique investment trust that offers unparalleled access to emerging companies, operating at the frontiers of science and technology. All this is threatened by Saba Capital. The proposals set out by Saba amount to a backdoor attempt to seize control of the trust. We will urge all of our investors to protect their investment, to protect their trust - and to vote to stop Saba."

For further information please contact:

 

Investors:

Deutsche Numis

Nathan Brown

Tel: [phone]

Matt Goss

Tel: [phone]

 

Baillie Gifford & Co

Naomi Cherry

Tel: [phone]

 

Media:

Garfield Advisory

Andrew Garfield

Tel:  [phone]

 

Teneo

[e-mail]

Iain Dey

Tel: [phone]

Giles Kernick

Tel: [phone]

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