Trojan Global Equity Fund, a sub-fund of Trojan Investment Funds Proposal for a merger with Trojan Global Equity Fund (Ireland), a sub-fund of Trojan Funds (Ireland) plc
In the press•Published date 16 October 2024
To all shareholders of the Trojan Global Equity Fund, a sub-fund of Trojan Investment Funds
11 October 2024
Dear shareholder
Proposal to merge the Trojan Global Equity Fund, a sub-fund of Trojan Investment Funds with the Trojan Global Equity Fund (Ireland), a sub-fund of Trojan Funds (Ireland) plc
We write to you as a shareholder of the Trojan Global Equity Fund, a sub-fund of Trojan Investment Funds (the “Merging Fund”) to inform you of our proposal to merge the Merging Fund with the Trojan Global Equity Fund (Ireland), a sub-fund of Trojan Funds (Ireland) plc (the “Receiving Fund”).
In this circular, we set out our reasons for proposing the merger and explain why we believe it to be in the best interests of shareholders. We also provide details of the process to implement the proposed merger (known as a scheme of arrangement), as well as information about the Receiving Fund (including a comparison of some of its key features as compared to the Merging Fund), the implications of the proposal for you as a shareholder, and the actions that you should take next depending on whether you are a Waystone ISA investor or another investor.
The proposal cannot proceed unless it is first approved by an Extraordinary Resolution of shareholders passed at a shareholder meeting. This document therefore also includes, in Appendix F, notice of a shareholder meeting to be held at 2.00pm on 29 October 2024, at which an Extraordinary Resolution to approve the merger will be proposed. To pass, the Extraordinary Resolution will require a majority in favour of at least 75% of the total number of votes validly cast at the meeting, so it is important that you exercise your right to vote.
The next steps for investors other than Waystone ISA investors are set out in Appendix H.
The next steps for Waystone ISA investors are set out in Appendix I.
If you have any questions about the proposal, please contact Waystone’s investor relations team on 0345 608 950. As we are not able to give you financial or investment advice, you should consult your financial adviser if you are uncertain as to how the proposal may affect you.