Redemption of Ordinary Shares

Miton UK MicroCap Trust plc

10 January 2024

 

10 January 2024

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 submission of redemption requests for the 2 November 2023 Redemption Point was 3 October 2023 (the "November 2023 Redemption").

The Board resolved to effect the Redemption using the Redemption Pool method set out in the Company's Articles, pursuant to which the Company divided its assets and liabilities into two pools, the Redemption Pool and the Continuing Pool.

The assets of the Redemption Pool have now been realised. The Redemption Price per Ordinary Share equals the aggregate cash received by the Company upon the realisation of the Redemption Pool, after deducting the costs of the redemption, and a pro‐rata share of the costs and expenses of the Company not attributable to a particular pool, divided by the number of Redemption Shares.

On that basis, the Board confirms that the Redemption Price for the 2 November 2023 Redemption Point is 53.28 pence per redeemed Ordinary Share including dividends and bank interest received.  Payments will be despatched to the former shareholders of the Company whose shares were redeemed in the November 2023 Redemption on or around 24 January 2024.

Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary.

Enquiries:

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

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

LEI:  21380048Q8UABVMAG916

 

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