The Schiehallion Fund Limited
("The Company")
Legal Entity Identifier: 213800NQOLJA1JCWXQ56
The below announcement was released under RNS Number 4255H on 27 July 2023 at 10:18.
The below information is unchanged.
Portfolio update
As at 25 July 2023, the Company had deployed 83.6% of the C share proceeds raised in 2021. The Company has agreed to invest $20.7m in a funding round that is expected to complete on 1 August 2023. The Managers have notified the Board that, following completion of this investment, at least 85% of the proceeds of the C share issue will have been deployed, which would enable the Board to trigger conversion of the C shares into ordinary shares, in accordance with the Company's articles of incorporation ("Conversion"). A further announcement will be released in due course setting out the timetable for Conversion, with Conversion being implemented on a NAV-for-NAV basis.
Baillie Gifford & Co Limited
27 July 2023
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.
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