Realisation Opportunity - Result of Election

MITON GLOBAL OPPORTUNITIES PLC

Realisation Opportunity for Shareholders – Result of Election

2 October 2018

Further to the Circular to Shareholders dated 10 September 2018 (the “Circular”) in respect of the 2018 Realisation Opportunity, Miton Global Opportunities plc (the “Company”) announces that it has received the following levels of election by 1.00 pm on 1 October 2018:

Maximum number of ordinary shares available to elect:	28,004,985
Total elections received:	434,197
Percentage taken up:	1.55%
Tender applications received:	25

The net asset value per ordinary share as at 27 September 2018, the Election Determination Date, was 276.86 pence (cum income).

The Realisation Price for the Elected Shares is therefore 272.43 pence per ordinary share, a 1.6% discount to the NAV.

The 2018 Realisation Opportunity is still conditional on the proposals set out in the Circular being approved at the General Meeting of the Company to be held on 5 October 2018 at 11.45 am.

As previously announced, the Company proposed in the Circular to:

• change the Articles so that the form of the Realisation Opportunity currently contemplated can be amended to provide the Company with additional flexibility;

• approve the form of the 2018 Realisation Opportunity, which provides Shareholders with the option to either:

  • retain their current investment in the Company; or

  • realise their investment in the Company, by making a Realisation Election which is intended to be satisfied in cash at the Realisation Price, which will represent a 1.6% discount to NAV per Ordinary Share as at Election NAV Determination Date; and

• amend the index referenced in the Company’s investment objective and, as a consequence, the index used to calculate performance fees potentially payable, in certain circumstances, to the Investment Manager.

EXPECTED ONGOING TIMETABLE

Latest date and time for proxy forms for the

General Meeting                                                                    11.45 a.m. on 3 October 2018

General Meeting                                                                    11.45 a.m. on 5 October 2018

Result of the General Meeting announced                       5 October 2018

Result of the 2018 Realisation Opportunity
Announced                                                                              5 October 2018

Election Settlement Date: cheques despatched
and payments through CREST made and CREST
accounts settled                                                                     11 October 2018

Balancing share certificates despatched                           week commencing 15 October 2018

All times and dates in the expected timetable may be adjusted by the Company. Any material changes to the timetable will be notified via an RIS.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the circular to shareholders dated 10 September 2018 (the “Circular”).

ENQUIRIES

Miton Group plc
David Barron
DDI: [phone]
Email: [e-mail]

Numis Securities Limited
Nathan Brown, Corporate Broking and Advisory
DDI: [phone]
Email: [e-mail] 

Frostrow Capital LLP
Company Secretary
Kerstin Rucht
Tel: [phone]