Reduction in Management Fees

RNS Number : 6736K

Baillie Gifford Shin Nippon PLC

17 December 2018

 

BAILLIE GIFFORD SHIN NIPPON PLC

("The Company")

Legal Entity Identifier: X5XCIPCJQCSUF8H1FU83

Reduction in Management Fees

The Board of Baillie Gifford Shin Nippon PLC is pleased to announce a reduction in the annual management fee payable to Baillie Gifford & Co Limited, the Company's Managers and Secretaries.  With effect from 1 January 2019 the Company's annual management fee will be calculated at 0.75% on the first £50m of net assets, 0.65% on the next £200m of net assets and 0.55% on the remainder.  The fees are calculated and paid on a quarterly basis.

Baillie Gifford & Co Limited

Company Secretaries

17 December 2018

 

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