Completion of Compulsory Partial Redemption

RNS Number : 4554N

River & Mercantile UK Micro Cap Inv

01 February 2021

 

1 February 2021

River and Mercantile UK Micro Cap Investment Company Limited

Completion of partial compulsory redemption and total voting rights

Pursuant to the River and Mercantile UK Micro Cap Investment Company Limited's (the "Company") fourth compulsory partial redemption of its redeemable ordinary shares of no par value (the "Shares") announced on 21 January 2021, 5,921,631 Shares, approximately 12.75% of Shares in issue, were redeemed and cancelled on 29 January 2021 and, accordingly, 40,523,412 Shares remain in issue.  The remaining Shares which have not been redeemed will trade under a new ISIN - GG00BMVHP751 (the "New ISIN"), which will be enabled and available for transactions from 8.00 a.m. today, 1 February 2021.  CREST will automatically transfer any open transactions to the New ISIN.

It is expected that payments of redemption monies will be effected either through CREST (in the case of Shares held in uncertificated form) or by cheque (in the case of Shares held in certificated form) by 5 February 2021.

The above figure (40,523,412) 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 FCA's Disclosure Guidance and Transparency Rules.

Andrew Chapman, Chairman of River and Mercantile UK Micro Cap Investment Company Limited, said: "This is the fourth time the Trust has been able to effect a redemption at NAV since the Company's launch in December 2014, enhancing the returns for our investors.  We look forward to continuing strong performance, delivered through the portfolio manager's committed focus on the investment strategy and growth potential of the UK Micro Cap sector."

Enquiries:

N+1 Singer

Robert Peel

[phone]

Camarco

Rebecca Noonan

[phone]

BNP Paribas Securities Services S.C.A., Guernsey Branch

Jasper Cross

[phone]

 

END

 

 

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