Independent Investment Trust PLC Annual General Meeting - Arrangements (0709H)
20 Marzo 2020 - 10:14AM
UK Regulatory
TIDMIIT
RNS Number : 0709H
Independent Investment Trust PLC
20 March 2020
THE INDEPENDENT INVESTMENT TRUST PLC
20 March 2020 Registered in Scotland:
No. 210685
17 DUBLIN STREET
Dear Shareholder EDINBURGH EH1 3PG
Tel: 0131 558 9434
Fax: 0131 558 8602
E-Mail: vivien@iitplc.com
The Annual General Meeting
I am writing to you about the arrangements for this year's
Annual General Meeting of The Independent Investment Trust plc
which will be held at the offices of Baillie Gifford & Co,
Calton Square, 1 Greenside Row, Edinburgh EH1 3AN on Thursday 26
March 2020 at 4.30 p.m. (the "AGM").
Your Board has been considering how best to deal with the
potential impact of the Covid-19 outbreak on the arrangements for
our upcoming AGM. Given the emerging risks posed by the spread of
Covid-19 and the Prime Minister's latest recommendations to "stop
non-essential contact with others and to stop all unnecessary
travel", the Company will conduct only the statutory and formal
business at the AGM to meet the minimum legal requirements. There
will be no presentation from me or the managing director and we
will not be providing any refreshments. The sole business of the
meeting will be to propose the resolutions set out in the Notice of
the Meeting which can be found on pages 47 to 50 of the Company
Annual Report and Financial Statements for the year ended 30
November 2019.
I strongly encourage all shareholders to exercise your votes in
respect of the AGM in advance. This should ensure that your votes
are registered and count at the AGM as it is expected that
attendance at the AGM will be restricted in accordance with the
provisions of the Company's Articles of Association. The Board
urges all shareholders to take the health, wellbeing and safety of
their fellow investors into account when deciding whether or not to
attend the AGM.
We always welcome questions from our shareholders at the AGM and
this year we invite you to submit your questions to the Board in
advance and we will put our answers to your questions on our
website after the AGM. Please submit any questions you may have to
Steven Hay steven.hay2@bailliegifford.com before 26 March 2020.
I am very sorry to not be staging our normal AGM this year but
the health and wellbeing of our shareholders, officers and advisers
is of paramount importance to us. We are hoping that we can arrange
a more informal meeting in due course at which we will have our
usual presentations and I will keep you informed as to these
arrangements as soon as possible.
In view of the extreme economic uncertainty caused by the
Covid-19 outbreak the cash element in the portfolio has been
increased to around one third. We have no borrowings.
Yours faithfully
Douglas McDougall
Chairman
All queries regarding investment matters should be directed to:
The Independent Investment Trust PLC - Address / Telephone /
Fax as above.
All queries regarding secretarial/administration matters should
be directed to the Registered Office at:
Baillie Gifford & Co, Calton Square,1 Greenside Row, Edinburgh,
EH1 3AN - Telephone 0131 275 2000 / Facsimile 0131 275 3999
This information is provided by RNS, the news service of the
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END
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