Completion of Compulsory Partial Redemption

RNS Number : 9973X

River & Mercantile UK Micro Cap Inv

10 May 2021

 

10 May 2021

River and Mercantile UK Micro Cap Investment Company Limited

Completion of fifth partial compulsory redemption and total voting rights

Pursuant to River and Mercantile UK Micro Cap Investment Company Limited's (the "Company") fifth compulsory partial redemption of its redeemable ordinary shares of no par value (the "Shares") announced on 28 April 2021, 6,625,458 Shares, approximately 16.35% of Shares in issue, were redeemed and cancelled on 7 May 2021 and, accordingly, 33,897,954 Shares remain in issue.  The remaining Shares which have not been redeemed will trade under a new ISIN - GG00BNDMJP11 (the "New ISIN"), which will be enabled and available for transactions from 8.00 a.m. today, 10 May 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 14 May 2021.

The above figure (33,897,954) 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 fifth 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.  This now means that a total of £77 million has now been returned to investors - a figure that substantially exceeds the total amount (£70.1 million) raised from shareholders.  Meanwhile, the Company's NAV remains above the £100 million target portfolio.  Shareholders will also note that the redemption price of 301p compares most favourably with the original issue price of 100p.  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]

 

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