Circular re General Meeting 14 October 2020

RNS Number : 4612Z

Edinburgh Worldwide Inv Trust PLC

18 September 2020

 

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

18 September 2020

Publication of a circular

In order to meet the continuing demand for shares in Edinburgh Worldwide Investment Trust plc (the "Company"), the Board of Directors of the Company (the "Board") is seeking shareholder approval to renew the authority to allot shares in the capital of the Company and to disapply the statutory pre-emption rights on the issue of shares in the capital of the Company.

Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") at which (i) an ordinary resolution will be put to shareholders to seek authority to allot shares up to an aggregate nominal value of £ 692,537.39 (representing approximately 20 per cent. of the issued share capital of the Company as at 16 September 2020); (ii) a special resolution will be put to shareholders to seek the authority to disapply statutory pre-emption rights in relation to the allotment of shares up to an aggregate nominal value of £ 346,268.69 (representing approximately 10 per cent. of the Company's issued share capital as at 16 September 2020); and (iii) a special resolution will be put to shareholders to seek the additional authority to disapply statutory pre-emption rights in relation to the allotment of shares up to an aggregate nominal value of £ 346,268.69  (representing approximately 10 per cent. of the Company's issued share capital as at 16 September 2020) (the "Resolutions").

The Board believes that the authority sought at the General Meeting pursuant to the Resolutions will allow it to continue to satisfy the expected demand for the Company's shares. The Company anticipates that if the current rate of share issuance continues, it will have to publish a prospectus in accordance with the Prospectus Regulation Rules. It intends to do so on or around the date of the General Meeting if shareholders grant the Company the above authorities.  

A copy of the circular is available for inspection on the Company's website at www.edinburghworldwide.co.uk . A copy of the circular will also be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The General Meeting is to be held at 11 a.m. on 14 October 2020 at the offices of Baillie Gifford & Co, Calton Square, 1 Greenside Row, Edinburgh EH1 3AN.  Given the risks posed by the spread to COVID-19 and in accordance with the provisions of the Company's articles of association and Government guidance, the Directors are likely to impose entry restrictions on attendance at the General Meeting in order to ensure the health, wellbeing and safety of the Company's shareholders and officers as well as compliance with the venue's security requirements.

Shareholders may and are strongly encouraged to participate in the business of the General Meeting by exercising their votes in advance of the General Meeting and may submit any questions by email to [e-mail] or by calling 0800 917 2112.  Please note that Baillie Gifford may record your call.

Baillie Gifford & Co Limited

Company Secretaries

18 September 2020

For further information please contact:

Karen Havranek

Baillie Gifford & Co

Tel: [phone]

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.

 

END

 

 

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