Schroder BSC Social Impact Trust Revises Investment Strategy
Schroder BSC Social Impact Trust Adopts New Investment Objective
In a significant move, Schroder BSC Social Impact Trust plc has announced that its shareholders have unanimously agreed to a new investment objective and associated policy. This resolution was approved during a general meeting held recently, where shareholders cast their votes by poll.
Unanimous Shareholder Support
The voting results are noteworthy, with the resolution garnering 65,006,598 votes in favor, amounting to 100% of the votes cast and representing 78.89% of the issued share capital. Importantly, there were no opposing votes, nor were any votes withheld. The company holds a total of 82,359,717 voting rights, excluding shares held in treasury, which are non-voting.
Details of the Company’s Capital Structure
Schroder BSC Social Impact Trust’s issued share capital comprises 85,316,586 ordinary shares, with 2,956,869 of these shares currently in treasury. Among the votes supporting the resolution were discretionary votes, allowing shareholders to appoint the Chairman as their voting proxy with discretion.
New Investment Policies Shared with Shareholders
The new investment objective and policy details were previously communicated to shareholders in a circular. Additionally, these details have been submitted to the National Storage Mechanism for transparency. The company plans to provide full results of the poll conducted during the general meeting on its official website soon.
Implications for Investors
This change is highly relevant for shareholders and potential investors alike, as it showcases a strategic redirection in the firm’s investment methodology. The unanimous support from shareholders further indicates their alignment with the board’s vision and proposed direction for the future.
Conclusion
As the landscape for social impact investments continues to evolve, Schroder BSC Social Impact Trust’s decision to adapt its investment objectives reflects a proactive approach to meet both current market demands and the expectations of its stakeholders. Moving forward, this alignment with shareholder perspectives could enhance the trust's appeal to a broader range of socially conscious investors.
Frequently Asked Questions
What is the new investment objective of Schroder BSC Social Impact Trust?
The new investment objective aims to align the company's investment strategies with the evolving market demands and shareholder interests.
How was the new investment objective approved?
It was unanimously approved by shareholders during a general meeting through a voting poll.
What were the voting results for the new resolution?
The resolution received 100% of the votes cast, with no opposing votes recorded.
How many shares are held in treasury by the company?
The company currently holds 2,956,869 ordinary shares in treasury.
Where can I find more information about the investment objective?
Further details will be made available on the company's official website following the general meeting.
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