The Board of Keystone Positive Change Investment Trust Plc has announced proposals for a Scheme of Reconstruction and members’ voluntary winding up of the Company.
The proposals are subject to shareholder approval at two General Meetings, to be held on 27th January 2025 and 7th February 2025.
Shareholders have the following options with regards to their holding:
- Elect to receive shares in the Baillie Gifford Positive Change Fund, an FCA authorised open-ended investment company with assets of c. GBP1.8bn, substantially all of which is invested in the same portfolio of listed equities as the Company (the Rollover Option).
And / or
- An uncapped cash exit at a 1% discount to the formula asset value calculated for the purposes of the Scheme (the Cash Option).
For more information, visit www.bailliegifford.com/en/uk
Please advise the Corporate Action Department only if you wish to make a Cash Election no later than 17th January 2025. You may contact us either by letter, telephone or email as detailed below quoting ‘Keystone’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk