Edinburgh Worldwide Investment Trust Notice of AGM

Edinburgh Worldwide Inv Trust PLC

07 April 2026

 

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

7 April 2026

Notice of AGM

VOTE IN FAVOUR of the Board resolutions to be proposed at the AGM

VOTE AGAINST the Saba resolutions to appoint its proposed nominees

YOU CAN STILL VOTE EVEN IF YOU HAVE TENDERED YOUR SHARES

Shareholders should ensure their votes are submitted ahead of platform deadlines

The Board of Edinburgh Worldwide Investment Trust plc (the Company or Edinburgh Worldwide) announces that it will hold its annual general meeting (AGM) on 30 April 2026 at 12.00 noon at the offices of Baillie Gifford & Co, Calton Square, 1 Greenside Row, Edinburgh EH1 3AN.

The Board urges all shareholders to take action now to ensure their votes are cast ahead of applicable deadlines, which may be earlier than the AGM date depending on individual platforms.

The Board strongly recommends that shareholders VOTE IN FAVOUR of all Board resolutions at the AGM, including the election and re-election of five independent directors who remain committed to overseeing the Company on behalf of all shareholders. Mungo Wilson will not be standing for re-election as his nine year tenure has come to an end and he is therefore stepping down in line with corporate governance best practice.

Shareholders who hold their shares through platforms should be aware that their platforms may not proactively contact them regarding voting at the AGM. Shareholders may therefore need to engage directly with their platform to ensure their vote is cast in time. The Company has appointed proxy advisers Georgeson to assist shareholders with this process, and they can be contacted at [e-mail] or on [phone] (Monday to Friday, 9 a.m. to 5 p.m.).

Shareholders can still vote at the AGM even if they choose to tender their shares.

VOTE AGAINST Saba's resolutions to appoint its nominees

As previously announced, the Board received a notice of resolutions from Saba Capital Management L.P. (Saba) (via Vidacos Nominees Limited) on 10 February 2026 for inclusion at the AGM. These resolutions seek to appoint Gabriel Gliksberg, Jassen Trenkow and Michael Joseph as directors of the Company. These are the same three nominees whose appointments were overwhelmingly rejected by over 90% of non-Saba shareholders at the general meeting held on 20 January 2026.

Despite repeated attempts by the Board, Saba's proposed nominees have not engaged with shareholders, despite repeated opportunities, including declining the opportunity to participate in a shareholder Q&A session.

The Board strongly recommends that shareholders VOTE AGAINST these resolutions, which the Board believes would result in Saba gaining control of the Company.

A circular containing the notice of AGM which also sets out the Company's response to the proposed appointment of Saba's nominees, and explaining why the Board believes shareholders should vote against their appointment, will shortly be available on the Company's website at www.edinburghworldwide.co.uk and its microsite, www.trustEWIT.com.  

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide, commented: 

"This AGM is another critical moment for shareholders. Shareholders have already rejected Saba's attempts to take control of the Company twice and have overwhelmingly supported the Board and its strategy. Despite this, Saba has returned for a third time in just 15 months with the same objective shareholders have only recently rejected: to replace the Board and take control of the Company.

Our analysis indicates a real risk that control could pass at this AGM if shareholders do not vote. Failing to vote risks allowing the Company to fall under Saba's control. That is why the Board took decisive action to introduce the Tender Offer, giving shareholders a clear choice: to realise value now while retaining exposure to SpaceX, or to remain invested.

This AGM will determine whether the Company continues to be governed by an independent board or becomes controlled by Saba. Even if shareholders have tendered their shares, it is essential that they vote.

If re-elected, the Board will remain focused on protecting the interests of all shareholders, including ensuring the orderly implementation of the Tender Offer and the realisation and delivery of SpaceX proceeds."

Update on the Tender Offer

Shareholders are reminded that the deadline for voting on the Company's proposed tender offer is 2.00 p.m. on 8 April 2026, although some platforms may impose earlier deadlines. Separately, shareholders must elect to tender their shares by 1.00 p.m. on 16 April 2026.

The general meeting in relation to the Tender Offer will take place at 2.00 p.m. on Friday, 10 April 2026. The result of the tender offer vote will not be announced at that meeting, but will be released as soon as practicable thereafter via a regulatory news service announcement.

For further information on how to participate in the tender offer, please contact:

Shareholders: [e-mail] OR [phone]

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