Results of General Meeting

Scottish Mortgage Inv Tst PLC

10 April 2026

 

For immediate release.

10 April 2026

Scottish Mortgage Investment Trust PLC

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Results of General Meeting

The Board of Scottish Mortgage Investment Trust plc (the "Company") is pleased to announce that, at the General Meeting of the Company held today, the Resolution approving and adopting the new investment objective and policy as detailed in the circular to Shareholders dated 16 March 2026 (the "Circular") was duly passed by Shareholders.

The results of the poll were as follows:

ORDINARY RESOLUTION	VOTES FOR (INCLUDING DISCRETIONARY)	%	VOTES AGAINST	%	VOTES TOTAL	% ISC REPRESENTED BY TOTAL VOTES CAST(1)	VOTES WITHHELD(2)
To approve and adopt the new investment objective and policy as detailed in the circular published by the Company on 16 March 2026	351,151,216	99.72	994,039	0.28	352,145,255	32.66	5,123,633

⁽¹⁾ The number of Shares in issue as at the voting record time of 6.00 p.m. on 8 April 2026 (the "Voting Record Time") was 1,078,166,806. The Company holds 406,614,074 Shares in treasury. Therefore, the total voting rights in the Company as at the Voting Record Time were 1,078,166,806 votes (representing 1,078,166,806 Shares, carrying one vote per Share held).

⁽²⁾ A "vote withheld" is not a vote in law and has not been counted as a vote "for" or "against" the Resolution.

Christopher Samuel, Chairman, commented:

"We are very grateful to Shareholders for the depth of their engagement on this Proposal and for their strong support today with 99.7% of votes cast in favour.

The limited additional capacity of up to £250 million for investments in Private Companies (subject to annual Shareholder approval) that has been approved today provides important flexibility for the Company to pursue attractive Private Company investment opportunities that arise when the proportion of the portfolio in Private Companies exceeds 30% of total assets.

We believe this measured change strengthens the Company's ability to pursue long-term returns on behalf of Shareholders, while remaining firmly within a disciplined and well governed framework."

Further information

The full text of the Resolution can be found in the Notice of General Meeting contained in the Circular. The Circular is available for viewing on the Company's website (https://www.scottishmortgage.com/en/uk/individual-investors) and on the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism).

Capitalised terms used in this announcement shall, unless the circumstances require otherwise, have the same meanings given to them in the Circular.

Enquiries:

Baillie Gifford & Co Limited (AIFM and Company Secretary)
Claire Shaw	[phone]
Four Communications (Communications agency)
Jonathan Atkins	[phone] or +44  (0)7872 495396
Deutsche Numis (Financial Adviser and Broker)
Nathan Brown	[phone]
Jefferies International (Financial Adviser and Broker)
Stuart Klein	+ 44 (0)207 029 8000

 

END