Proposal to merge RGI UK Alpha Fund with RGI UK Recovery Fund – Outcome of Extraordinary General Meeting and Next Steps
The Extraordinary General Meeting of the RGI UK Alpha Fund was held this morning at the office of SVM Asset Management Limited, 7 Castle Street, Edinburgh. Shareholders in the Company holding shares in the RGI UK Alpha Fund (the “Merging Fund”) have voted in favour of the Authorised Corporate Director’s (“ACD”) proposals to merge, by way of a scheme of arrangement, the Merging Fund into the RGI UK Recovery Fund, also a sub-fund of the Company (the “Continuing Fund”). The ACD refers to these proposals as the “Merger”.
The intended effective date of the Merger will be at 12.01 p.m. on Friday 5 September 2025. Upon completion of the Merger, the Merging Fund will be terminated.
As shared previously, the investment objectives, policies, process and portfolio of the RGI UK Alpha Fund are closely aligned with those of the RGI UK Recovery Fund. Both portfolios have been managed by Hugh Sergeant since their respective launches, and their performance, risk profile and key risk/return factors are very similar. We believe the Merger to be in the best interests of shareholders as it will deliver greater economies of scale, resulting in lower expenses and improved prospects for future growth.
IMPORTANT INFORMATION
Suspension of Dealing in RGI UK Alpha Fund
To enable us to settle any outstanding trades or transactions before the merger takes effect, all deals in respect of RGI UK Alpha Fund must be received before 11.59 am on 1 September 2025. Any instructions received for the Fund after this time will not be implemented and will be rejected. Dealing in RGI UK Alpha Fund will be suspended immediately after this time and there will be no further dealing in the Fund.
Impacted ISINs