Edinburgh Worldwide Investment Trust PLC

Declaration of Voting Results & Voting Rights Announcements • Feb 14, 2025

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RNS Number : 2275X

Edinburgh Worldwide Inv Trust PLC

14 February 2025

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

Full Voting Result of Requisitioned General Meeting

Following a Requisitioned General Meeting of Edinburgh Worldwide Investment Trust plc (the "Company"), the Board of Directors ("Board") announces that none of the resolutions proposed by Saba Capital Management L.P. were passed.

Of the total votes cast, 63.8% of shares were voted against Saba's resolutions, in line with the recommendation of the Board. A total of 36.2% of shares voted in favour of Saba's resolutions, including the shares held by Saba.

Shareholders representing 64.7% of the total issued share capital voted on the resolutions. The level of shareholder participation in the vote was supported by a high level of engagement by retail shareholders who hold their shares through digital platforms.

The vote has been supervised by Civica Election Services, whom the Board appointed as independent assessor to report on the poll held at the Requisitioned General Meeting in respect of each of the Requisitioned Resolutions.

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide Investment Trust, said:

"Edinburgh Worldwide's shareholders have spoken: they have rejected Saba Capital's proposal for a fundamentally different strategy based on fundamentally different principles with a fundamentally different investment approach.

"Today's result confirms that this unique mandate still appeals, but shareholders also expect the Trust to deliver. We took decisive action in 2024 with positive early results. Our job now is to deliver the performance our shareholders rightly expect."

Resolutions	Votes For		Votes Against		Total Votes Cast		Votes Withheld
Number	% of votes cast	Number	% of votes cast	Number	% of total voting rights	Number
1. To remove Jonathan Simpson-Dent as a director of the Company	86,787,077	36.2%	152,927,121	63.8%	239,714,198	64.7%	140,433
2. To remove Jane McCracken as a director of the Company	86,796,679	36.2%	152,936,553	63.8%	239,733,232	64.7%	102,849
3. To remove Helen James as a director of the Company	86,817,499	36.2%	152,901,499	63.8%	239,718,998	64.7%	102,083
4. To remove Caroline Roxburgh as a director of the Company	86,770,790	36.2%	152,947,442	63.8%	239,718,232	64.7%	102,849
5. To remove Mungo Wilson as a director of the Company	86,786,004	36.2%	152,927,994	63.8%	239,713,998	64.7%	102,083
6. To remove Mary Gunn a director of the Company	86,801,870	36.2%	152,911,362	63.8%	239,713,232	64.7%	102,849
7. To appoint Paul Kazarian as a director of the Company	86,709,281	36.2%	153,045,156	63.8%	239,754,437	64.7%	61,635
8. To appoint Jonathan Zucker as a director of the Company	86,740,825	36.2%	153,013,751	63.8%	239,754,576	64.7%	61,496

Any proxy votes which are at the discretion of the Chair have been included in the "Votes Against" total. Please note a vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.

As at the date of the General Meeting, the total number of voting rights in the Company was 370,315,908.

The full text of the Requisitioned Resolutions is contained in the Notice of Requisitioned General Meeting contained in the Circular. The Circular is available for viewing on the Company's website at https://www.trustewit.com/.

Teneo

EWIT@teneo.com

Iain Dey

Tel: +44 7976 295906

Oliver Bell

Tel: +44 7917 221748

Investors:

Deutsche Numis

David Benda

Nathan Brown

Tel: +44 20 7260 1000

Baillie Gifford & Co

Naomi Cherry

Tel: +44 131 275 2000

Notes

This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Baillie Gifford & Co Limited, the Company Secretary.

Baillie Gifford & Co Limited

Company Secretaries

14 February 2025  

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

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