Circ re. Adviser ISS Recommends vote against Saba

Edinburgh Worldwide Inv Trust PLC

07 January 2026

 

RNS ANNOUNCEMENT

07 January 2026

PROTECT YOUR INVESTMENT

PROTECT YOUR TRUST

VOTE TO STOP SABA

Independent Voting Adviser ISS Recommends Shareholders Vote AGAINST Saba's proposals

The Board of Edinburgh Worldwide Investment Trust plc (the "Company" OR "EWIT") notes the publication of the voting recommendations from independent voting adviser ISS in relation to the Company's forthcoming requisitioned general meeting on 20 January 2026.

ISS has recommended that shareholders VOTE AGAINST all the Saba Resolutions at the general meeting

The recommendation is in line with the unanimous recommendation of the Company's independent Board.

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide commented: "For a second time within a year, independent voting adviser ISS has recommended that shareholders vote against ALL of Saba's resolutions. Shareholders should not be swayed by Saba misrepresenting the facts, ignoring the significant progress made following the implementation of the path for growth strategy and remaining silent on their ultimate objectives. If shareholders want to prevent this US hedge fund from taking control of the Company on the cheap, it is critical that they vote against all of Saba's resolutions before the opportunity for doing so closes for many next week. We strongly encourage shareholders not to be complacent and remind everyone that Saba holds a larger shareholding and therefore more voting power this time. Shareholders must turn out in force in order to prevent Saba from taking control."

"I look forward to addressing any questions shareholders may have during a live Q&A session on Friday, 9 January."

A copy of the circular setting out the reasons for the Board's recommendation is available on a dedicated website http://www.trustewit.com as are instructions on how to vote according to platforms.

Q&A session with Chair at 2pm on 9 January 2026

As separately announced today, EWIT will be hosting a Q&A session providing the opportunity for shareholders to ask the Chair, Jonathan Simpson-Dent, any questions they may have in relation to EWIT and to Saba's proposed resolutions.

The Company will host the live Q&A session via Investor Meet Company on the 9 January 2026, at 2pm GMT.

The Q&A session is open to all existing and potential shareholders.

Questions can be submitted prior to the event via your Investor Meet Company dashboard up until 5pm GMT on the 8 January 2026, or at any time during the live presentation.

Shareholders can sign up to Investor Meet Company for free and register for the Q&A session with Edinburgh Worldwide Investment Trust plc via: https://www.investormeetcompany.com/edinburgh-worldwide-investment-trust-plc/register-investor

Shareholders who already follow Edinburgh Worldwide Investment Trust plc on the Investor Meet Company platform will automatically be invited.

VOTE TO STOP SABA

THE DEADLINE FOR PROXY VOTING AT THE REQUISITIONED GENERAL MEETING IS 12 NOON ON 17 JANUARY

PLEASE BE AWARE THAT SOME PLATFORMS HAVE DEADLINES AS EARLY AS 12 JANUARY

If you need further information about how to vote, please contact:

Shareholders: [e-mail] OR [phone]

General enquiries: [e-mail] OR 0800 917 2113

For further information please contact:

Investors:

Deutsche Numis

Nathan Brown

Tel: [phone]

[e-mail]

Matt Goss

Tel: [phone]

[e-mail]

Media:

Greenbrook Advisory

Rob White / Peter Hewer

[phone]

[e-mail] 

Company Secretary:

Baillie Gifford & Co Limited

[e-mail]

Tel [phone]

 

END