Replacement - Result of AGM
Summary by AI BETAClose X
The following amendments have been made to the Result of AGM announcement released on 17/04/2026 at 15:58 under RNS No 9947A.
The date of the Annual General Meeting should read 17 April 2026. The year under the second bullet point should read 2027.
All other details remain unchanged.
The full amended text is shown below.
The Scottish American Investment Company P.L.C. (SAIN)
Legal Entity Identifier: 549300NF03XVC5IFB447
ISIN: GB0007873697
Annual General Meeting
17 April 2026
At the Annual General Meeting held on 17 April 2026 all resolutions were passed, including those detailed below:
· Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal value of £13,457,925.75 (representing approximately 33% of the Company's total issued share capital as at 16 February 2026) and a special resolution to renew the Directors' authority to allot a limited number of shares for cash on a non pre-emptive basis up to an aggregate nominal value of £4,078,159.25 (representing approximately 10% of the Company's total issued share capital as at 16 February 2026). Both authorities will expire at the conclusion of the Annual General Meeting of the Company to be held in 2027 or on 17 July 2027 whichever is the earlier, unless previously renewed, revoked or varied.
· Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99% of the Company's issued share capital, being 23,644,682 ordinary shares of 25p. The Company's authority permits it to hold shares bought back 'in treasury'. Such treasury shares may subsequently be either sold for cash or cancelled. The authority will expire at the conclusion of the Annual General Meeting of the Company to be held in 2027, unless previously varied, revoked or renewed.
The following levels of proxy appointments and associated instructions were received prior to the meeting:
|
Resolution |
Votes for (including votes at the discretion of the Chairman) |
Votes Against |
Votes Withheld |
|
|
|
||||
|
1 |
47,478,425 |
124,770 |
57,160 |
|
|
2 |
46,729,644 |
664,323 |
266,388 |
|
|
3 |
46,761,334 |
638,898 |
26,123 |
|
|
4 |
47,531,460 |
63,657 |
65,238 |
|
|
5 |
47,016,759 |
482,319 |
161,277 |
|
|
6 |
47,003,819 |
516,768 |
139,768 |
|
|
7 |
47,000,044 |
526,367 |
133,944 |
|
|
8 |
46,963,772 |
506,914 |
189,669 |
|
|
9 |
46,961,315 |
502,184 |
196,856 |
|
|
10 |
47,221,613 |
315,315 |
123,427 |
|
|
11 |
47,255,766 |
34,009 |
60,580 |
|
|
12 |
47,054,764 |
425,635 |
179,956 |
|
|
13 |
47,013,338 |
440,308 |
206,709 |
|
|
14 |
45,730,386 |
1,828,238 |
101,731 |
|
|
15 |
47,084,195 |
408,664 |
167,496 |
|
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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Baillie Gifford & Co Limited
Company Secretaries
17 April 2026
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund