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Montanaro European Smaller Companies Trust plc (MTE) ORD GBP0.05

Sell:167.00p Buy:167.50p 0 Change: 2.50p (1.47%)
FTSE All Share:0.55%
Market closed |  Prices as at close on 7 November 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Montanaro European Smaller Companies Trust plc ORD GBP0.05

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 29 Oct 2025)

Montanaro European Smaller Companies Trust plc has announced plans to introduce a bi-annual tender offer facility, timed to coincide with the publication of its Interim and Final Results, which are typically released in the autumn and summer of each year respectively.

 

The company is offering to buy up to 5% of its shares at a 5% discount to the Net Asset Value (NAV) to be calculated on 28 November 2025. This is called a tender offer.

 

The first tender offer is scheduled to take place at the end of November and is subject to shareholder approval at a general meeting to be held on 19 November 2025.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 5% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything

 

Sell shares in the offer – Act by noon on Tuesday 18 November 2025

 

Any shares you ask to sell will be removed from your portfolio from 18 November 2025. You’ll receive cash from shares successfully sold on or around 5 December 2025.

 

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 the letter/message and not on the summary information outlined above.

×
Sell:167.00p
Buy:167.50p
Change: 2.50p (1.47%)
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 7 November 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Montanaro European Smaller Companies Trust plc ORD GBP0.05

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 29 Oct 2025)

Montanaro European Smaller Companies Trust plc has announced plans to introduce a bi-annual tender offer facility, timed to coincide with the publication of its Interim and Final Results, which are typically released in the autumn and summer of each year respectively.

 

The company is offering to buy up to 5% of its shares at a 5% discount to the Net Asset Value (NAV) to be calculated on 28 November 2025. This is called a tender offer.

 

The first tender offer is scheduled to take place at the end of November and is subject to shareholder approval at a general meeting to be held on 19 November 2025.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 5% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything

 

Sell shares in the offer – Act by noon on Tuesday 18 November 2025

 

Any shares you ask to sell will be removed from your portfolio from 18 November 2025. You’ll receive cash from shares successfully sold on or around 5 December 2025.

 

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 the letter/message and not on the summary information outlined above.

×
Sell:167.00p
Buy:167.50p
Change: 2.50p (1.47%)
Market closed |  Prices as at close on 7 November 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Montanaro European Smaller Companies Trust plc ORD GBP0.05

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 29 Oct 2025)

Montanaro European Smaller Companies Trust plc has announced plans to introduce a bi-annual tender offer facility, timed to coincide with the publication of its Interim and Final Results, which are typically released in the autumn and summer of each year respectively.

 

The company is offering to buy up to 5% of its shares at a 5% discount to the Net Asset Value (NAV) to be calculated on 28 November 2025. This is called a tender offer.

 

The first tender offer is scheduled to take place at the end of November and is subject to shareholder approval at a general meeting to be held on 19 November 2025.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 5% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything

 

Sell shares in the offer – Act by noon on Tuesday 18 November 2025

 

Any shares you ask to sell will be removed from your portfolio from 18 November 2025. You’ll receive cash from shares successfully sold on or around 5 December 2025.

 

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 the letter/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

To achieve capital growth by investing principally in Continental European quoted smaller companies.
Security Weight
Kitron ASA NOK0.1 4.82%
Atoss Software AG NPV 3.93%
Plejd AB 3.77%
Belimo Holding AG CHF0.05 3.72%
MTU Aero Engines AG NPV (REGD) 3.49%
NCAB Group AB NPV 3.31%
CTS Eventim AG & Co KGAA NPV 3.23%
Reply SPA EUR0.13 2.71%
VZ Holding AG 2.66%
Chemometec A/S DKK1 2.49%
Sector Weight
Technology 30.33%
Industrials 19.05%
Healthcare 15.38%
Consumer Cyclical 10.13%
Financial Services 6.85%
Basic Materials 6.21%
Real Estate 4.37%
Communication Services 3.23%
Consumer Defensive 3.23%
Country Weight
Sweden 25.35%
Germany 18.13%
Italy 16.14%
Switzerland 12.15%
Norway 9.60%
Spain 4.72%
United States 3.92%
Denmark 3.58%
Netherlands 2.23%
Belgium 2.21%

Fee Structure

There is no performance fee and the basic management fee is 0.825 per cent p.a. of the amount of the Companys market capitalisation up to GBP 500 m 0.70 per cent p.a. of the amount of the Companys market capitalisation between GBP 500 m and GBP 750 m and 0.65 per cent p.a. of the amount of the Companys market capitalisation above GBP 750 m. Contract terminable on notice of 6 months.

Dividend Policy

The primary aim is to deliver capital growth to its shareholders, rather than dividend income. In determining dividend payments, the Board takes account of income forecasts, brought forward revenue reserves, the dividend payment record and the Corporation Tax rules governing investment trust status. Under normal market conditions the Company will pay two interim dividends per year, aligning with the release of the Annual and Interim Reports

ASSET SPLIT

Total number of holdings: 49.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Richard CurlingChairman, Gordon Neilly, Caroline Roxburgh, Hillary Williams

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.

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'.