Result of AGM

RNS Number : 1414C

Baillie Gifford China Grwth TrstPLC

16 June 2021

 

Baillie Gifford China Growth Trust plc (BGCG)

Legal Entity Identifier: 213800KOK5G3XYI7ZX18

Annual General Meeting, 16 June 2021

All resolutions were passed at the Annual General Meeting of the Company held on 16 June 2021, including those detailed below:

Special Business

· Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal value of £4,941,986 (being approximately one-third of the nominal value of the issued share capital as at 23 April 2021. Shareholders approved a special resolution to allot a limited number of shares for cash on a non pre-emptive basis up to £1,482,596 (being approximately 10% of the nominal value of the issued share capital as at 23 April 2021). Shareholders approved a special resolution, in addition to the special resolution above, to allot a limited number of shares for cash on a non pre-emptive basis up to £1,482,596 (being approximately 10% of the nominal value of the issued share capital as at 23 April 2021). These authorities will expire at the earlier of 15 September 2022 or at the conclusion of the next Annual General Meeting of the Company, unless previously revoked, varied or extended.

· Shareholders approved a special resolution authorising the Company to buy-back its own shares up to a maximum of 14.99% of the Company's issued share capital, being 8,889,644 ordinary shares of 25p. This authority will expire at the conclusion of the AGM to be held in respect of the year ending 31 January 2022 unless previously varied, revoked or renewed.

· Shareholders approved a resolution that in accordance with Article 96 of the Company's Articles of Association fees paid to Directors will not exceed in aggregate £200,000 per annum.

· Shareholders approved a resolution to adopt new Articles of Association.

Baillie Gifford & Co Limited

16 June 2021

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

 

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