3rd Jan 2025 21:46
Edinburgh Worldwide Investment Trust PLC - Edinburgh-based investor - Says Saba Capital's December 18 requisition notice to replace the board and appoint alternative directors had named a nominee who was not a registered holder of sufficient shares according to the Companies Act of 2006. As such, the chair has asked Saba if it would like to resubmit a valid notice. Should Saba resubmit, and a general meeting be called, Edinburgh urges "all shareholders to vote against these resolutions" as "Saba has proposed a series of actions that the Board believes are against the shareholders' best interests". Read More
