Amendments to Articles

RNS Number : 0923V

Scottish Mortgage Inv Tst PLC

22 May 2008

 



Scottish Mortgage Investment Trust PLC

 (the 'Company')

Annual General Meeting - Amendments to Articles of Association

The Company has, in accordance with DTR 6.1.2, submitted a draft of the Company's proposed revised Articles of Association to the UK Listing Authority. It is proposed that the Articles be amended in the light of, amongst other things, certain of the provisions of the Companies Act 2006. The principal proposed changes are to: (i) remove the provision regarding an age limit for Directors, (ii) empower Directors to authorise conflicts or potential conflicts of interest under section 175 of the Companies Act 2006, (iii) enable the Company to communicate with members by electronic and/or website communication under the Companies Act 2006, and (iv) extend the indemnity in favour of Directors (and former Directors) currently permitted under the Company's Articles in light of the Companies Act 2006. If the amendments to the Articles are approved by Shareholders at the Annual General Meeting of the Company to be held on 26 June 2008, all of the amendments will take effect from 26 June 2008 other than the amendment summarised at (ii) above which will take effect from 1 October 2008 or such other date on which section 175 of the Companies Act 2006 comes into force. The proposed revised Articles of Association will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London 
E14 5HS

Tel. no. (0)20 7676 1000

Baillie Gifford & Co
Company Secretaries
22 May 2008

 

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