Transaction in Own Shares

RNS Number : 0718E

Scottish Mortgage Inv Tst PLC

31 March 2011

 

Scottish Mortgage Investment Trust PLC

Purchase of Own Securities

On 31 March 2011, the Company purchased 600,000 ordinary shares at a price of 740.11p. The shares purchased will be held in Treasury. The total number of ordinary shares bought back amounts to 104,200,103.

Following the purchase of the above shares 256,519,897 ordinary shares of 25p each will remain in issue. A total of 27,826,279 shares which have been purchased by the Company are being held in Treasury. Shares will only be re-sold from Treasury at (or at a premium to) the Net Asset Value per Ordinary share.

The above figure (256,519,897) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Scottish Mortgage Investment Trust PLC under the FSA's Disclosure and Transparency Rules.

Baillie Gifford & Co

Company Secretaries

31 March 2011

 

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