BaillieGifford European Grwth Trst Manager Changes

Summary by AI BETAClose X

Baillie Gifford European Growth Trust plc announces Joe Faraday will become portfolio manager on April 1, 2026, succeeding Stephen Paice and Chris Davies, with the aim of improving performance by diversifying the portfolio across more sectors while retaining its growth focus. The company's existing 100% performance-conditional tender offer remains active, triggered if NAV returns do not exceed the benchmark over the four years ending September 30, 2028, and the Board will consider further actions if relative performance does not improve.

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