Scottish Mortgage Inv Tst PLC Notice of Debenture Stockholders Meetings (5195D)
19 Febbraio 2020 - 5:40PM
UK Regulatory
TIDMSMT
RNS Number : 5195D
Scottish Mortgage Inv Tst PLC
19 February 2020
Scottish Mortgage Investment Trust PLC
('the Company')
Legal Entity Identifier: 213800G37DCS3Q9IJM38
Posting of Notices Convening Extraordinary General Meetings of
Debenture Stockholders in respect of:
i) the 6.875% per cent. Debenture Stock 2023; and
ii) the 4.5% Irredeemable Debenture Stock, the 8-14 per cent.
Stepped Interest Debenture Stock 2020 and the 6-12 per cent.
Stepped Interest Debenture Stock 2026.
Summary
Notices convening Extraordinary General Meetings of Debenture
Stockholders are today being posted to Debenture Stockholders for
the purpose of proposing Extraordinary Resolutions to approve the
appointment of APEX Corporate Trustees (UK) Limited as Successor
Trustee in respect of the Debenture Stock and to approve certain
updates to the Trust Deeds.
Background
The Bank of Scotland plc (previously known as The Governor and
Company of the Bank of Scotland) has given notice that it wishes to
retire as the Trustee in respect of the Company's Debenture Stock
pursuant to the Trust Deeds. The Company is proposing to appoint
APEX Corporate Trustees (UK) Limited ("Apex") as the Successor
Trustee and is seeking the approval of the holders of the Debenture
Stock to Apex's appointment by way of proposed Extraordinary
Resolutions in accordance with the Trust Deeds. The retirement of
the original Trustee and the appointment of the Successor Trustee
is expected to become effective on the date when the Extraordinary
Resolutions are approved and the date the Supplemental Trust Deeds
are executed, which is expected to be on the same day.
Furthermore, certain amendments are being proposed to the Trust
Deeds to ensure that the Successor Trustee has the benefit of
certain now market standard protective provisions in the Trust Deed
which any successor trustee is likely to require.
A copy of the two Notices of Meetings are available for
inspection on the Company's website at
https://www.bailliegifford.com/en/uk/individual-investors/funds/scottish-mortgage-investment-trust/literature/?t=1
and will also be submitted to the National Storage Mechanism and be
available for inspection at www.morningstar.co.uk/uk/NSM .
Baillie Gifford & Co Limited
Company Secretaries
19 February 2020
Regulated Information Classification: Additional regulated
information required to be disclosed under applicable law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGPURWPUPUGQB
(END) Dow Jones Newswires
February 19, 2020 11:40 ET (16:40 GMT)
Grafico Azioni Scottish Mortgage Invest... (LSE:SMT)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Scottish Mortgage Invest... (LSE:SMT)
Storico
Da Apr 2023 a Apr 2024