Miton UK MicroCap Trust plc - Liquidation

Dear client

We have been notified that the Company will be wound up on the Winding-up Date by means of a members' voluntary liquidation pursuant to a scheme of reconstruction under Section 110 of the Insolvency Act 1986 and Shareholders may elect to receive Sub-Fund Shares in the Sub-Fund (being Premier Miton UK Smaller Companies Fund) and/or cash in respect of all or part of their holding of Ordinary Shares in the Company. 

The Sub-Fund Shares will be issued at the net asset value per share as of 12:00 noon on the Effective Date. 

Conditions to the Scheme

The Scheme is conditional, among other things, upon:

(a)   the passing of all Resolutions to be proposed at (i) the First General Meeting and (ii) the Second General Meeting (or at any adjournments thereof) and upon any conditions of such Resolutions being fulfilled;

(b)   the FCA agreeing to amend the listing of the Ordinary Shares to reflect their reclassification as Reclassified Shares for the purpose of implementing the Scheme; and

(c)   the Directors resolving to proceed with the Scheme.

In the event that any of the conditions referred to in (a)(i) or (b) above fails, the Second General Meeting will be adjourned indefinitely and the Scheme will lapse.

Expected Timetable:

There are currently no holdings on the platform.

Please see attached notification received which will provide more information

If you have any questions, please let us know.

Kind regards