Redemption and Total Voting Rights

RNS Number : 7250D

Miton UK MicroCap Trust plc

30 June 2021

 

30 June 2021

MITON UK MICROCAP TRUST PLC (the "Company")

REDEMPTION OF ORDINARY SHARES AND TOTAL VOTING RIGHTS

The Company has a redemption facility through which shareholders are entitled to request the redemption of all or part of their holding of ordinary shares of 0.1 pence each ("Ordinary Shares") on an annual basis (the "Redemption Facility"). The operation of the Redemption Facility is entirely at the discretion of the board of directors of the Company (the "Board"). The deadline for the 30 June 2021 Redemption Point was 2 June 2021.

As announced on 3 June 2021, the total number of Ordinary Shares in respect of which valid redemption requests were received for the 30 June 2021 Redemption Point was 2,671,198 Ordinary Shares (representing 2.4% of the issued share capital) (the "Redemption" and the "Redemption Shares").

The Board has resolved that all of the Redemption Shares will be redeemed and upon such redemption will be treated as cancelled by the Company.

The calculated Redemption Price is 102.38 pence per Redemption Share, being the cum income net asset value at the close on 29 June 2021. All shareholders who validly applied to have shares redeemed will receive this Redemption Price per Redemption Share.

It is expected that despatch of payments in respect of the valid redemption requests will be made on or around 14 July 2021. Balance certificates will be issued to shareholders (where applicable) on or before 28 July 2021.

As at 30 June 2021, following the cancellation of the Redemption Shares, the Company's issued share capital will consist of 109,253,560 Ordinary Shares and 50,000 management shares of £1 each. The Company does not hold any shares in treasury.

The above figure of 109,253,560 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further details of the redemption facility are set out in the Company's Articles of Association, the prospectus issued on 19 April 2017 and are also available from the Company Secretary.

Enquiries:

Miton UK MicroCap Trust plc
Gervais Williams Martin Turner	Tel: [phone]

Peel Hunt LLP
Liz Yong Luke Simpson	Tel: [phone]

LEI:  21380048Q8UABVMAG916

 

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