Publication of Shareholder Circular, Notice of EGM

RNS Number : 3616Q

Schiehallion Fund Limited (The)

25 February 2021

 

The Schiehallion Fund Limited

Legal Identifier Number: 213800NQOLJA1JCWXQ56

Regulated Information Classification: Publication of Shareholder Circular, Notice of EGM

25 February 2021

The Schiehallion Fund Limited

Publication of Shareholder Circular, Notice of EGM

Further to its announcement on 7 January 2021, the Board of The Schiehallion Fund Limited (the "Company") announces the publication of a circular to Shareholders (the "Circular") relating to a proposal to disapply pre-emption rights (the "Proposal") in order to enable the Company to proceed with a proposed issue of C Shares (the "Secondary Raise"). The Secondary Raise is targeted to be in excess of US$500 million. Full details of the Proposal are set out in the Circular. Unless otherwise defined, capitalised words and phrases used shall bear the same meaning as contained within the Circular.

Notice of Extraordinary General Meeting

Notice is hereby given that an extraordinary general meeting (the "Extraordinary General Meeting" or the "EGM") of the Company will be held at First Floor, Albert House, South Esplanade, St. Peter Port, Guernsey, GY1 1AJ at 9.30 a.m. on 18 March 2021.

The Circular is available for inspection on the Company's website. In addition, a copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Forms of Proxy

Shareholders are requested to return the Form of Proxy enclosed with the Circular. Shareholders are asked to complete, sign and return the Form of Proxy in accordance with the instructions printed thereon, by one of the following means:

(i)  in hard copy form by post or by courier to the Company's Registrar at Computershare Investor Services (Guernsey) Limited, The Pavilions, Bridgwater Road, Bristol BS99 6ZY; or

(ii)  in the case of CREST members, by utilising the CREST system service (details of which are contained in the Circular), in each case as soon as possible and, in any event, not later than 9.30 a.m. on 16 March 2021.

The lodging of a Form of Proxy will not prevent a Shareholder from attending the EGM and voting in person if they so wish, subject to any restrictions (including with respect to travel or gatherings) relating to the Covid-19 (coronavirus) pandemic that are in place at the time of the EGM.

Attendance at the EGM

As a result of the Covid-19 (coronavirus) pandemic, certain travel and self-isolation restrictions currently apply with respect to Shareholders' attendance at the EGM in person, particularly where those Shareholders were intending to travel to Guernsey from overseas. Only essential travel into the Bailiwick of Guernsey is permitted with an approved travel permit. Shareholders intending to travel to Guernsey from overseas must ensure that they have received their travel permit in advance of travelling to Guernsey. Shareholders are encouraged to vote by way of proxy in advance of the EGM, in the manner set out above and in the Circular.

Current government advice relating to the Covid-19 (coronavirus) pandemic and the related restrictions is evolving. The Company will endeavour to keep Shareholders informed of any changes to the advice contained in the Circular.

Board Recommendation

The Board considers that the Proposal described in the Circular is in the best interests of Shareholders and the Company as a whole and accordingly recommends that all Shareholders vote in favour of the Resolution to be proposed at the EGM.

For further information please contact:

Alex Blake, Baillie Gifford & Co

Tel: [phone]

 

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