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Edinburgh Worldwide Investment Trust PLC on Monday said it was excited by the opportunity ahead as it outperformed its comparative index and urged shareholders to vote against resolutions at an upcoming requisitioned general meeting. The Edinburgh, Scotland-based fund said net asset value per share as at October 31 was 220.97 pence each, up 30% from 170.40p a year ago. NAV total return was 29.7% in the financial year ended October 31, sharply outperforming its comparative index, the S&P Global Small Cap index, which had a total return of 12.8%. The company’s objective is long term capital growth. It added that its net revenue return per share was negative 1.11 pence per share in financial 2025, widened from 0.7p a year ago. The firm said: ‘Therefore no final dividend is being recommended by the board. Should the level of underlying income increase in future years, the board will seek to distribute to shareholders the minimum permissible to maintain investment trust status by way of a final dividend. Looking ahead, Chair Jonathan Simpson-Dent said: ’I am extremely excited by the opportunity ahead for the company and this unique global mandate, focused on exceptional, disruptive and transformative companies, positioned for long-term growth. The portfolio is starting to show its real potential. I thank our investment managers for delivering a strong first year of The Path for Growth strategy. I also thank the board for its unwavering commitment, challenge and partnership. And finally, I thank our shareholders for being engaged, vocal and ultimately supportive as the company has been deeply tested and scrutinised during the year.‘ Earlier on Monday, Saba Capital Management LP reiterated that it wants to remove six directors of Edinburgh Worldwide Investment Trust PLC at an upcoming general meeting. Activist investor Saba is calling for the removal of all six independent non-executive directors from EWIT’s board, including Chair Simpson-Dent, and for their replacement with three of its own choices at a requisitioned general meeting next Tuesday. The investor said EWIT’s board has overseen ’prolonged underperformance‘ and ignored ’basic governance standards‘. Chair Simpson-Dent said in response: ’Today’s announcement is the latest example of Saba’s attempts to distract from the real debate about the future of the trust. This will be a close vote, and only retail shareholders can prevent a US hedge fund from taking control. This is why we are urging shareholders to vote against all resolutions.‘ Edinburgh Worldwide shares were 1.0% lower at 225.35 pence each on Monday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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