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Miton UK Microcap Trust plc (MINI) Ordinary Shares 0.1p

Sell:48.00p Buy:51.40p 0 Change: 1.70p (3.54%)
Market closed |  Prices as at close on 6 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Miton UK Microcap Trust plc Ordinary Shares 0.1p

Type:
Redemption
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 14 May 2020)

Miton UK Microcap Trust plc offers an annual Redemption Facility whereby Shareholders may elect to redeem some or all of their Shares for cash. The next annual Redemption Point is Tuesday 30 June 2020.

 

Shares submitted for Redemption will be redeemed at the Redemption Price per Share which will be calculated in one of two ways. The Redemption Price may be calculated either by reference to the ‘Dealing Value per Share’ calculated in accordance with the terms set out in the Company’s prospectus dated 8 April 2015 or alternatively by reference to a separate Redemption Pool of Assets.

 

If you wish to make an election to redeem some or all of your holding of Miton UK Microcap Trust plc Shares then please notify us by our noon Friday 29 May 2020 deadline.

 

Cash resulting from successful Redemptions will be payable as soon as the Redemption Pool (if applicable) has been realised and as soon as possible after the relevant Redemption Point. It is currently expected that the Redemption Price will be announced and Redemption Monies will be paid by 14 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in our letter or secure message and not on the summary information outlined above.

×
Sell:48.00p
Buy:51.40p
Change: 1.70p (3.54%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 6 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Miton UK Microcap Trust plc Ordinary Shares 0.1p

Type:
Redemption
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 14 May 2020)

Miton UK Microcap Trust plc offers an annual Redemption Facility whereby Shareholders may elect to redeem some or all of their Shares for cash. The next annual Redemption Point is Tuesday 30 June 2020.

 

Shares submitted for Redemption will be redeemed at the Redemption Price per Share which will be calculated in one of two ways. The Redemption Price may be calculated either by reference to the ‘Dealing Value per Share’ calculated in accordance with the terms set out in the Company’s prospectus dated 8 April 2015 or alternatively by reference to a separate Redemption Pool of Assets.

 

If you wish to make an election to redeem some or all of your holding of Miton UK Microcap Trust plc Shares then please notify us by our noon Friday 29 May 2020 deadline.

 

Cash resulting from successful Redemptions will be payable as soon as the Redemption Pool (if applicable) has been realised and as soon as possible after the relevant Redemption Point. It is currently expected that the Redemption Price will be announced and Redemption Monies will be paid by 14 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in our letter or secure message and not on the summary information outlined above.

×
Sell:48.00p
Buy:51.40p
Change: 1.70p (3.54%)
Market closed |  Prices as at close on 6 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Miton UK Microcap Trust plc Ordinary Shares 0.1p

Type:
Redemption
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 14 May 2020)

Miton UK Microcap Trust plc offers an annual Redemption Facility whereby Shareholders may elect to redeem some or all of their Shares for cash. The next annual Redemption Point is Tuesday 30 June 2020.

 

Shares submitted for Redemption will be redeemed at the Redemption Price per Share which will be calculated in one of two ways. The Redemption Price may be calculated either by reference to the ‘Dealing Value per Share’ calculated in accordance with the terms set out in the Company’s prospectus dated 8 April 2015 or alternatively by reference to a separate Redemption Pool of Assets.

 

If you wish to make an election to redeem some or all of your holding of Miton UK Microcap Trust plc Shares then please notify us by our noon Friday 29 May 2020 deadline.

 

Cash resulting from successful Redemptions will be payable as soon as the Redemption Pool (if applicable) has been realised and as soon as possible after the relevant Redemption Point. It is currently expected that the Redemption Price will be announced and Redemption Monies will be paid by 14 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in our letter or secure message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Company invests primarily in the smallest quoted or traded companies, measured by their market capitalisation, listed on any of the markets of the London Stock Exchange at the time of investment, in order to provide shareholders with capital growth over the long term. The Company may also invest in debt, warrants or convertible instruments issued and may invest in, or underwrite, future equity issues.
Security Weight
Avacta Group plc Ordinary 10p 6.12%
Kape Technologies Plc USD0.0001 5.96%
Cerillion plc Ordinary 0.5p 3.80%
Caledonia Mining Corporation plc NPV (DI) 3.33%
Corero Network Security plc Ordinary 1p 3.29%
Frontier IP Group plc / Ord GBP0.10 3.02%
MTI Wireless Edge Ord ILS0.01 2.90%
Totally plc Ordinary 10p 2.85%
Inspiration Healthcare Group Plc Ord GBP0.1 2.50%
CentralNic Group plc Ordinary 0.1p 2.41%
Sector Weight
Technology 26.96%
Healthcare 21.10%
Industrials 11.38%
Financial Services 10.90%
Basic Materials 10.88%
Energy 5.91%
Consumer Defensive 3.84%
Communication Services 3.04%
Utilities 2.21%
Real Estate 1.97%
Country Weight
United Kingdom 87.72%
Zimbabwe 3.33%
Israel 2.90%
United States 1.42%
Tanzania, United Republic Of 1.21%
Canada 0.80%
South Africa 0.64%
Australia 0.57%
Tunisia 0.46%
Mauritius 0.44%

Fee Structure

Management fee is payable monthly in arrears calculated at the rate of 1% p.a. of the market capitalisation.Besides, the investment manager is entitled to receive a fee calculated at the rate of 1% p.a. of the NAV of the redemption pool. The Management Agreement is terminable not less than 12 months written notice.

Dividend Policy

Dividends to shareholders are recognized as a liability in the period in which they are paid or approved in general meetings and are taken to the Statement of Changes in Equity. Dividend expect to be pay annually.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

Gervais Williams

Manager Bio

Gervais Williams joined Miton Group plc in 2011. He manages a number of funds and trusts that aggregate to just under £2.0bn. He is also Senior Executive Director at Miton Group plc. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, chairman of the Quoted Companies Alliance and a board member of The Investment Association. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais Williams published his first book 'Slow Finance' in the autumn of 2011, and his second book 'The Future is Small' was published in November 2014. His most recent book 'The Retreat of Globalisation' was published in December 2016.

Board Of Directors

Andrew PomfretChairman, Peter Dicks, Jeannette Etherden, Ashe Windham

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.