Scottish American Investment Company Vote Disclosure

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BAILLIE GIFFORD The Scottish American Investment Company plc Vote Disclosure* Quarter 2: 1 April 2021 – 30 June 2021 *This voting report reflects the votes cast by Baillie Gifford during the quarter on behalf of the investment trust. No verification is undertaken as to whether all such votes have been accepted. ** AGM = Annual General Meeting; EGM = Extraordinary General Meeting; SGM = Special General Meeting; CRT = Court Meeting; OTH = Other Meeting; CLS = Class Meeting Company Meeting Type Meeting Date Resolution Proposal Proposal Type Vote Cast Reason Admiral Group AGM 30-Apr-21 1 Annual Report Management For Admiral Group AGM 30-Apr-21 2 Remuneration - Report Management For Admiral Group AGM 30-Apr-21 3 Remuneration - Policy Management For Admiral Group AGM 30-Apr-21 4 Allocation of Income Management For Admiral Group AGM 30-Apr-21 5 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 6 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 7 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 8 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 9 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 10 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 11 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 12 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 13 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 14 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 15 Elect Director(s) Management For Admiral Group AGM 30-Apr-21 16 Appoint/Pay Auditors Management For Admiral Group AGM 30-Apr-21 17 Appoint/Pay Auditors Management For Admiral Group AGM 30-Apr-21 18 Amendment of Share Capital Management For Admiral Group AGM 30-Apr-21 19 Routine Business Management For Admiral Group AGM 30-Apr-21 20 Amendment of Share Capital Management For Admiral Group AGM 30-Apr-21 21 Amendment of Share Capital Management For Admiral Group AGM 30-Apr-21 22 Amendment of Share Capital Management For Admiral Group AGM 30-Apr-21 23 Allocation of Income Management For Admiral Group AGM 30-Apr-21 24 Share Repurchase Management For Admiral Group AGM 30-Apr-21 25 Routine Business Management For AJ Gallagher & Co Annual 11-May-21 1A. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1B. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1C. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1D. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1E. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1F. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1G. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1H. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 1I. Elect Director(s) Management For AJ Gallagher & Co Annual 11-May-21 2 Appoint/Pay Auditors Management For AJ Gallagher & Co Annual 11-May-21 3 Remuneration - Say on Pay Management Against We opposed the executive compensation policy as we do not believe the performance conditions are sufficiently stretching. Albemarle Annual 04-May-21 1 Remuneration - Say on Pay Management For Albemarle Annual 04-May-21 2A. Elect Director(s) Management For Albemarle Annual 04-May-21 2B. Elect Director(s) Management For Albemarle Annual 04-May-21 2C. Elect Director(s) Management For Albemarle Annual 04-May-21 2D. Elect Director(s) Management For Albemarle Annual 04-May-21 2E. Elect Director(s) Management For Albemarle Annual 04-May-21 2F. Elect Director(s) Management For Albemarle Annual 04-May-21 2G. Elect Director(s) Management For Albemarle Annual 04-May-21 2H. Elect Director(s) Management For Albemarle Annual 04-May-21 2I. Elect Director(s) Management For Albemarle Annual 04-May-21 3 Appoint/Pay Auditors Management For Amadeus IT Group SA OGM 16-Jun-21 1 Annual Report Management For Amadeus IT Group SA OGM 16-Jun-21 2 Annual Report Management For Amadeus IT Group SA OGM 16-Jun-21 3 Routine Business Management For Amadeus IT Group SA OGM 16-Jun-21 4 Discharge of Board Management For Amadeus IT Group SA OGM 16-Jun-21 5.1 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.2 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.3 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.4 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.5 Elect Director(s) Management Against We opposed the election of the chair of the remuneration and governance committee due to concerns with discretion exercised by the committee in relation to remuneration, and also concerns with the composition of the committee in terms of the tenure of three of its members. Amadeus IT Group SA OGM 16-Jun-21 5.6 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.7 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.8 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.9 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 5.1 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 6 Remuneration - Report Management Against We opposed the Remuneration Report due to concerns with discretion exercised by the Remuneration and Governance Committee during the year under review. Amadeus IT Group SA OGM 16-Jun-21 7 Remuneration - Other Management For Amadeus IT Group SA OGM 16-Jun-21 8 Remuneration - Policy Management For Amadeus IT Group SA OGM 16-Jun-21 9 Incentive Plan Management For Amadeus IT Group SA OGM 16-Jun-21 10.1 Amendment of Share Capital Management For Amadeus IT Group SA OGM 16-Jun-21 10.2 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 10.3 Elect Director(s) Management For Amadeus IT Group SA OGM 16-Jun-21 10.4 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 10.5 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 11.1 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 11.2 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 11.3 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 11.4 Articles of Association Management For Amadeus IT Group SA OGM 16-Jun-21 12 Routine Business Management For ANTA Sports Products AGM 07-May-21 1 Annual Report Management For ANTA Sports Products AGM 07-May-21 2 Allocation of Income Management For ANTA Sports Products AGM 07-May-21 3 Elect Director(s) Management For ANTA Sports Products AGM 07-May-21 4 Elect Director(s) Management For ANTA Sports Products AGM 07-May-21 5 Elect Director(s) Management For ANTA Sports Products AGM 07-May-21 6 Elect Director(s) Management For ANTA Sports Products AGM 07-May-21 7 Remuneration - Non-Executive Management For ANTA Sports Products AGM 07-May-21 8 Appoint/Pay Auditors Management For ANTA Sports Products AGM 07-May-21 9 Amendment of Share Capital Management Against We opposed two share issuance resolutions as we have concerns regarding lack of disclosure on discount levels and the potential for dilution. We do not believe these requests are in the best interests of shareholders. ANTA Sports Products AGM 07-May-21 10 Share Repurchase Management For ANTA Sports Products AGM 07-May-21 11 Share Repurchase Management Against We opposed two share issuance resolutions as we have concerns regarding lack of disclosure on discount levels and the potential for dilution. We do not believe these requests are in the best interests of shareholders. Atlas Copco A AGM 27-Apr-21 7.A Annual Report Management For Atlas Copco A AGM 27-Apr-21 7.B10 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B11 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B12 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.1 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.2 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.3 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.4 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.5 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.6 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.7 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.8 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.B.9 Discharge of Board Management For Atlas Copco A AGM 27-Apr-21 7.C Allocation of Income Management For Atlas Copco A AGM 27-Apr-21 7.D Allocation of Income Management For Atlas Copco A AGM 27-Apr-21 8.A Director Related Management For Atlas Copco A AGM 27-Apr-21 8.B Appoint/Pay Auditors Management For Atlas Copco A AGM 27-Apr-21 9.A.1 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.2 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.3 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.4 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.5 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.6 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.7 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.A.8 Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.B Elect Director(s) Management For Atlas Copco A AGM 27-Apr-21 9.C Appoint/Pay Auditors Management For Atlas Copco A AGM 27-Apr-21 10.A Remuneration - Non-Executive Management For Atlas Copco A AGM 27-Apr-21 10.B Appoint/Pay Auditors Management For Atlas Copco A AGM 27-Apr-21 11.A Remuneration - Report Management For Atlas Copco A AGM 27-Apr-21 11.B Employee Equity Plan Management For Atlas Copco A AGM 27-Apr-21 12.A Employee Equity Plan Management For Atlas Copco A AGM 27-Apr-21 12.B Share Repurchase Management For Atlas Copco A AGM 27-Apr-21 12.C Employee Equity Plan Management For Atlas Copco A AGM 27-Apr-21 12.D Share Repurchase Management For Atlas Copco A AGM 27-Apr-21 12.E Employee Equity Plan Management For B3 S.A.
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