AGM Statement

RNS Number : 3736H

Scottish Mortgage Inv Tst PLC

19 June 2013

 

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Annual General Meeting, 18 June 2013 

At the AGM held on 18 June 2013 all resolutions were passed, including those detailed below:

·        Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99% of the Company's issued share capital, being 37,388,042 ordinary shares of 25p. The Company's authority permits it to hold shares bought back "in treasury". Such treasury shares may subsequently be either sold for cash or cancelled. This authority will expire at the conclusion of the AGM to be held in respect of the financial year ending 31 March 2014 unless previously varied, revoked or renewed.

·        Shareholders approved a special resolution granting the Company authority to allot authorised but unissued shares on a non pre-emptive basis up to £6,278,622 being 10% of the issued share capital of the Company as at 9 May 2013. This authority permits the sale of shares out of treasury. The Directors do not intend to use these powers to re-issue shares at a discount to net asset value. This authority will expire at the conclusion of the AGM to be held in 2014.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM

Baillie Gifford & Co

Managers and Secretaries

19 June 2013

 

END

 

 

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