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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scottish Mortgage Investment Trust Plc | LSE:SMT | London | Ordinary Share | GB00BLDYK618 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
21.20 | 2.47% | 878.80 | 880.00 | 880.40 | 891.00 | 864.00 | 864.00 | 3,916,243 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | -2.91B | -2.92B | -2.0463 | -4.30 | 12.57B |
TIDMSMT
RNS Number : 2731R
Scottish Mortgage Inv Tst PLC
26 June 2020
SCOTTISH MORTGAGE INVESTMENT TRUST PLC
Legal Entity Identifier: 213800G37DCS3Q9IJM38
Annual General Meeting, 25 June 2020
At the Annual General Meeting ('AGM') held on 25 June 2020 all resolutions were passed, including those detailed below. A report of the AGM and a film of the Managers' presentations is available at www.scottishmortgageit.com.
-- Shareholders approved an ordinary resolution granting the Directors' general authority to issue shares up to an aggregate nominal amount of GBP7,274,299, representing approximately 10% of the total issued share capital (excluding treasury shares) of the Company as at 12 May 2020. This authority will expire on 25 September 2021 or, if earlier, at the conclusion of the AGM of the Company to be held in 2021 (unless previously varied, revoked or renewed).
-- Shareholders approved a special resolution granting the Company authority to allot equity securities or sell treasury shares for cash on a non pre-emptive basis up to GBP7,274,299, being approximately 10% of the issued share capital (excluding treasury shares) of the Company as at 12 May 2020. The Directors do not intend to use these powers to issue shares or sell treasury shares at a discount to net asset value on the basis of debt valued at fair value. This authority will expire on 25 September 2021 or, if earlier, at the conclusion of the AGM to be held in 2021 (unless previously varied, revoked or renewed).
-- Shareholders approved under Special Business an ordinary resolution authorising the Directors for the purposes of LR15.4.11 of the Listing Rules of the UK Listing Authority of the Financial Conduct Authority to issue shares or sell treasury shares (as defined in section 724 of the Companies Act 2006) for cash at a price below the net asset value per share of those shares without first offering those shares pro rata to existing Shareholders.
-- Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99% of the Company's issued share capital (excluding treasury shares), being 218,083,485 ordinary shares of 5 pence. The Company's authority permits it to hold shares bought back "in treasury". Such treasury shares may subsequently be either sold for cash or cancelled. This authority will expire at the conclusion of the AGM to be held in 2021 (unless previously varied, revoked or renewed).
-- Shareholders approved under Special Business an ordinary resolution to amend the published Investment Policy solely by increasing the maximum amount which may be invested in companies not listed on a public market by 5 per cent. from 25 per cent. to 30 percent. of the total assets of the Company, measured at the time of purchase.
The full text of all the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Baillie Gifford & Co Limited
Company Secretaries
26 June 2020
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulation.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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June 26, 2020 11:00 ET (15:00 GMT)
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