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LONDON - Schroder British Opportunities Trust plc (SBO) announced Tuesday it is seeking shareholder approval to refocus its investment objective and policy, according to a press release statement.
The company also proposed changing its articles of association to move forward a shareholder vote on the company’s continuation from early 2028 to early 2027.
The Board has called a General Meeting for September 9, 2025, at 1:30 p.m. in London where shareholders will vote on these proposals. The proposed amendments to the investment policy are considered a material change requiring shareholder approval under UK Listing Rules.
The Board described the refocusing of the investment policy as "the best strategic option for Shareholders" and recommended that shareholders vote in favor of the resolutions. Directors indicated they intend to vote their own holdings in support of the changes.
A second resolution, presented as a special resolution, relates to changes in the articles of association to apply "Weighted Voting Provisions" to any shareholder resolution that might facilitate a managed wind-down process in 2027.
The company stated that a circular with full details of the proposals has been mailed to shareholders and published on the company’s website. The document is also available for inspection from the National Storage Mechanism.
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