AGM Statement

RNS Number : 6098O

Baillie Gifford Shin Nippon PLC

18 May 2018

 

BAILLIE GIFFORD SHIN NIPPON PLC

Legal Entity Identifier: X5XCIPCJQCSUF8H1FU83

Annual General Meeting, 18 May 2018

All resolutions were passed at the AGM of the Company held on 18 May 2018, including those detailed below:

Special Business

·    Shareholders approved an ordinary resolution approving that, with effect from 1 February 2018, the aggregate limit for fees paid to Directors shall be £200,000 per annum.

·    Shareholders approved an ordinary resolution that each of the ordinary shares of 10 pence each in the capital of the Company be subdivided into 5 ordinary shares of 2 pence each (the 'New Ordinary Shares'), the New Ordinary Shares having the rights and being subject to the restrictions set out in the Articles of Association of the Company, provided that such sub-division is conditional on, and shall take effect on, admission of the New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities by 8.00am on 21 May 2018 (or such other time and/or date as the Directors of the Company may in their absolute discretion determine). Accordingly the 49,910,497 ordinary shares of 10 pence in issue as at 18 May 2018 will be sub-divided into 249,552,485 ordinary shares of 2 pence.

Ordinary Business

·    Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal amount of £1,622,016.50 and a special resolution to allot a limited number of shares for cash on a non-pre-emptive basis up to £486,604.90 (being approximately 10% of the nominal value of the issued share capital of the Company).  These authorities will expire at the earlier of 18 August 2019 or at the conclusion of the next Annual General Meeting of the Company, unless previously varied, revoked or renewed.

·    Shareholders approved a special resolution authorising the Company to buy-back its own shares up to a maximum of 14.99% of the Company's issued share capital, being 36,471,042 ordinary shares of 2p (following the passing of the resolution approving the subdivision of the ordinary shares). This authority will expire at the conclusion of the AGM to be held in respect of the year ending 31 January 2019 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 http://www.hemscott.com/nsm.do.

Baillie Gifford & Co Limited

Company Secretaries

18 May 2018

Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the European Union

 

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