Saba Capital Management, the largest shareholder of Edinburgh Worldwide Investment Trust plc $(EWI)$, has called for significant changes to the company's Board of Directors ahead of a General Meeting scheduled for 20 January 2026. Saba has raised concerns about governance, specifically citing the failure to disclose Chair Jonathan Simpson-Dent’s involvement at HomeServe, which received the largest retail company fine in Financial Conduct Authority $(FCA)$ history. Saba also criticized the current Board’s handling of recent matters, including the SpaceX sell-down and a proposed merger with USA, alleging these actions prioritized the interests of Baillie Gifford over those of shareholders. Saba is urging fellow shareholders to vote in favor of resolutions to remove incumbent directors Jonathan Simpson-Dent, Mungo Wilson, Caroline Roxburgh, Jane McCracken, Mary Gunn, and Gregory Eckersley. The firm is also proposing the election of three new independent directors: Gabi Gliksberg, Michael Joseph, and Jassen Trenkow, emphasizing their relevant experience and independence. Shareholders have been advised that platform voting deadlines may be as early as 12 January 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edinburgh Worldwide Investment Trust plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20251229030730) on December 29, 2025, and is solely responsible for the information contained therein.
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