RNS Number : 0596Y
Edinburgh Worldwide Inv Trust PLC
21 February 2025
 

Edinburgh Worldwide Investment Trust plc

(the Company)

Legal Entity Identifier: 213800JUA8RKIDDLH380

21 February 2025

 

 

Cancellation of share premium account

Following the approval of shareholders on 18 December 2024 and the granting of an order following a final hearing in the Court of Session of Scotland (the Court) approving the cancellation of the share premium account (the Order), the Company is pleased to confirm that the Order has been registered at Companies House together with a statement of capital approved by the Court.

Therefore all procedural steps required in connection with the cancellation have now been completed with £499.7 million being credited to a distributable reserve of the Company.

Jonathan Simpson-Dent, Chair of the Company, said "Shareholders endorsed Edinburgh Worldwide at our General Meeting and AGM last week. Today's increase in distributable reserves completes another important milestone for the Trust and the Board is now developing plans for a capital return of up to £130m which will be announced in due course."

 

Baillie Gifford & Co Limited

Company Secretary

21 February 2025

 

Regulated Information Classification: Additional regulatory information required to be disclosed under applicable laws and regulations.

 

For further information please contact:

 

Investors:

Deutsche Numis

Nathan Brown

David Benda

Tel: +442072601275

 

Baillie Gifford & Co

Tel 0131 275 2000

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