From: ScotGems PLC
LEI: 549300GQHCPU9P1NYM13
Date: 15 November
2019
ScotGems PLC
Publication of Circular
ScotGems PLC (the "Company") has today published a
circular in connection with the recommended proposals to amend the
Company's investment policy. Further to the announcement made
by the Company on 22 October 2019,
the Board, together with the Company's new portfolio managers, is
recommending that the Company's investment policy be amended in
order to: (i) increase the number of investments permitted within
the Company’s portfolio; and (ii) clarify that the Company’s focus
will continue to be on Small Cap Companies which are primarily
listed in Emerging Markets as opposed to Small Cap Companies listed
on any global stock market.
The proposed changes to the Company's investment policy are
considered to be a material change requiring the approval of
Shareholders in accordance with the Listing Rules.
Accordingly, the circular published by the Company today
convenes a general meeting at which the appropriate the shareholder
authority will be sought to amend the Company's investment policy
(the "General Meeting"). The General Meeting will be held at
12 noon on 9 December 2019 at the
offices of Finsbury Circus House, 15 Finsbury Circus, Finsbury,
London EC2M 7EB
A copy of the circular has been submitted to the National
Storage Mechanism and will be available for inspection at
http://www.morningstar.co.uk/uk/nsm.do. A copy of the
circular will also be available on the Company's website,
www.scotgems.com.
Enquiries:
Harry Gladstone
Stewart Investors, Investment Manager
Tel: 0131 473 2900
PATAC Limited - Secretary
Tel: 0131 538 1400