Baillie Gifford European Grw Ts PLC GM Statement (7825A)
January 23 2020 - 10:43AM
UK Regulatory
TIDMBGEU
RNS Number : 7825A
Baillie Gifford European Grw Ts PLC
23 January 2020
Baillie Gifford European Growth Trust plc
Legal Entity Identifier: 213800QNN9EHZ4SC1R12
General Meeting, 23 January 2020
Tender offer for up to 10 per cent. of the issued share capital
of the Company
The following special resolution was passed at the General
Meeting of the Company held on 23 January 2020, as detailed
below:
Special Resolution
THAT, without prejudice to, and in addition to, and not in
substitution for, any existing authorities, the Company be and is
hereby authorised for the purpose of section 701 of the Companies
Act 2006 (the "Companies Act") to make market purchases (within the
meaning of section 693 of the Companies Act) of its issued ordinary
shares of 25 pence each (the "Shares") following completion of the
tender offer to all shareholders in the Company made by Peel Hunt
LLP on the terms set out in the circular to shareholders of the
Company dated 20 December 2019 (the "Circular") provided that:
-- the maximum aggregate number of Shares hereby authorised to be purchased is 4,024,436 Shares;
-- the price which shall be paid for a Share shall be the Tender
Price (as defined in the Circular) (which shall be both the maximum
and the minimum price for the purposes of section 701 of the
Companies Act);
-- unless previously renewed, revoked or varied the authority
hereby conferred shall expire at midnight on 30 April 2020 save
that the Company may before such expiry make a contract or
contracts to purchase Shares under the authority hereby conferred
prior to the expiry of such authority which will or may be
completed or executed wholly or partly after such expiry and may
make a purchase of Shares in pursuance of any such contract or
contracts.
Baillie Gifford & Co Limited
23 January 2020
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END
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