Replacement: Redemption of Ordinary Shares and TVR

RNS Number : 4893Z

Miton UK MicroCap Trust plc

18 September 2020

 

The Company notes that the announcement released at 11.15 am on 15 September 2020 under reference 0522Z contained an error.  The cancellation date of the Redemption Shares is 18 September 2020, and not 15 September 2020 as stated in the original announcement.

All other details in the announcement, including date of payment, remain correct.

MITON UK MICROCAP TRUST PLC (the "Company")

Redemption of Ordinary Shares and Total Voting Rights

Further to the Company's announcement on 3 September 2020, confirming that the assets of the Redemption Pool had been liquidated, the Board confirms that the Redemption Price per Ordinary Share for the 30 June 2020 Redemption Point is 55.31p per Ordinary Share.

The 27,061,157 Ordinary Shares over which valid redemption requests were made ("Redemption Shares") will be cancelled with effect from 18 September 2020. Payments will be despatched in respect of the Redemption Shares on or around 18 September 2020.

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 which have been be borne by the relevant pool, the final dividend of 0.10 pence per Ordinary Share attributable to the Redemption Pool and to be paid on 29 September 2020, an adjustment for any attributable unsettled liabilities 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.

Total Voting Rights

Following cancellation of the Redemption Shares, the Company will have 111,274,758 Ordinary Shares and 50,000 Management Shares in issue.

The above figure (111,274,758) may be used by ordinary 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.

All capitalised terms used and not defined shall have the same meaning as in the Company's announcement of 30 June 2020 regarding the Redemption.

Link Company Matters Limited - Company Secretary

LEI: 21380048Q8UABVMAG916

 

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