THE SCOTTISH AMERICAN
INVESTMENT COMPANY P.L.C. (SAIN)
Legal
Entity Identifier: 549300NF03XVC5IFB447
Annual General Meeting held
on 4 April 2024
At the AGM held on 4 April 2024 all resolutions were
passed, including those detailed below:
·
An ordinary resolution renewing the Directors' general
authority to issue shares up to an aggregate nominal amount of
£14,858,175.75 (representing approximately 33% of the total issued
share capital of the Company). This authority will expire at the
conclusion of the next AGM of the Company or on 3 July 2025,
whichever is the earlier (unless previously varied, revoked or
renewed).
·
A special resolution renewing the Directors' authority to
issue shares and sell treasury shares on a non-pre-emptive basis up
to an aggregate nominal amount of £4,457,898.50 (representing 10%
of the total issued share capital of the Company). This authority
will expire at the conclusion of the next AGM of the Company or on
3 July 2025, whichever is the earlier (unless previously varied,
revoked or renewed). This authority will only be used to issue
shares or re-sell shares from treasury at a premium to net asset
value and only when the Directors believe it would be in the best
interests of the Company to do so.
·
An ordinary resolution that the Directors be authorised for
the purposes of LR15.4.11 of the Listing Rules of the UK Listing
Authority to issue further ordinary shares (including selling
treasury shares) for cash at a price below the net asset value per
share of those shares (with borrowings valued at book) without
first offering those shares pro rata to existing
Shareholders.
·
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 26,729,559 ordinary shares of 25p. This authority
will expire at the conclusion of the AGM to be held in 2025, unless
previously varied, revoked or renewed.
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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Baillie Gifford & Co
Limited
Managers and
Secretaries
4 April 2024
Regulated Information Classification:
Additional regulated information required to be disclosed
under applicable laws.