NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN WHOLE OR IN
PART) IN, INTO OR FROM ANY JURISDICITON WHERE TO DO SO WOULD
COSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THE
JURISDICITON.
THIS ANNOUNCEMENT CONTAINS
INSIDE INFORMATON FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE
REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
FOR IMMEDIATE
RELEASE
2
October 2024
Miton UK MicroCap Trust
plc (the “Company”)
Redemption of Ordinary
Shares and Shareholder
Engagement
The Company has an annual
voluntary 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”). 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 2024
Redemption Point was 1 October
2024.
The total number of
Ordinary Shares in respect of which valid redemption requests were
received for the 2024 Redemption Point was 31,083,534 (representing
40.4% of the issued ordinary share capital). A further announcement
will be made shortly after the 2024 Redemption Point, being
5 November 2024, setting out the
Redemption details.
The Board continues to
believe that the Company will be able to generate attractive
returns for shareholders in the future. In light of the level of
redemption requests received, the Board will engage with
shareholders over the coming weeks with regards to the future
direction of the Company. Any retail shareholders
wishing to participate should contact the Company
via mitonukmicrocap@ntrs.com.
Further
updates will be provided when
appropriate.
The information contained
within this announcement constitutes inside information. The person
responsible for arranging for the release of this announcement on
behalf of the Company is Tracey
Spevack of Northern Trust Secretarial Services (UK)
Limited.
Enquiries:
Miton UK MicroCap Trust
plc
Ashe Windham,
Chairman
mitonukmicrocap@ntrs.com
Premier Miton Investors (Investment
Manager)
Gervais Williams, Martin
Turner, Claire Long
Tel: 020 3714 1500
Peel Hunt LLP
(Broker)
Liz Yong, Luke
Simpson, Huw Jeremy
Tel: 020 7418 8900
LEI:
21380048Q8UABVMAG916