10th Apr 2026 16:50
Scottish Mortgage Investment Trust PLC - Edinburgh-based investment company - Says that at its general meeting on Friday, the resolution approving and adopting its new investment objective and policy was passed by shareholders, with 99.72% of votes in favour. Includes "limited additional capacity of up to GBP250 million" to invest in private companies. Chair Christopher Samuel says this "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." He adds: "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."
Scottish Mortgage announced the proposed change to its investment policy in mid-March, noting that the 30% limit would still apply to its investment manager.
Current stock price: 1,361.50 pence
12-month change: up 58%
By Emma Curzon, Alliance News reporter
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