AGM Statement

RNS Number : 6060Y

Edinburgh Worldwide Inv Trust PLC

27 January 2014

 

EDINBURGH WORLDWIDE INVESTMENT TRUST PLC

Annual General Meeting, 27 January 2014

All resolutions were passed at the AGM of the Company held on 27 January 2014, including those detailed below:

·    Shareholders approved under special business an ordinary resolution to broaden the Company's investment policy. The new policy will allow the Managers to invest principally in smaller, less mature companies at the time of initial investment (typically with a market cap of less than $5bn).

·    Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal amount of £808,571 and a special resolution to allot a limited number of shares for cash on a non-pre-emptive basis up to £122,510 (being approximately 5% of the nominal value of the issued share capital of the Company).  These authorities will expire at the earlier of 27 April 2015 or at the conclusion of the next Annual General Meeting of the Company, unless previously varied, revoked or renewed.

·    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 7,345,747 ordinary shares of 5p. This authority will expire at the conclusion of the AGM to be held in respect of the year ending 31 October 2014 unless previously varied, revoked or renewed.

The full text of all the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the National Storage Mechanism at http://www.hemscott.com/nsm.do

Baillie Gifford & Co.

Company Secretaries

27 January 2014

 

END

 

 

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