Description
As announced on 24 August 2026, the Company received a requisition notice submitted on behalf of Saba Capital Management, requiring the Company to propose three additional resolutions to the business of the upcoming AGM to elect three individuals linked with or employed by Saba to the Board.
The Board strongly believes that, if the Saba Resolutions are passed, not only would the appointments severely compromise the independence of the Board but could also effectively herald the end of the Company’s existing US growth strategy as Shareholders know it.
A circular containing the Notice of Annual General Meeting is available below. The Circular provides further information about the Saba Resolutions (resolutions 1 to 3 (inclusive)) and the Board’s response.
This event was sourced from the AIC, for more information click here: https://www.theaic.co.uk/learn-more
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