River & Mercantile UK Micro Cap Inv Completion of Compulsory Partial Redemption (9973X)
May 10 2021 - 2:00AM
UK Regulatory
TIDMRMMC
RNS Number : 9973X
River & Mercantile UK Micro Cap Inv
10 May 2021
10 May 2021
River and Mercantile UK Micro Cap Investment Company Limited
Completion of fifth partial compulsory redemption and total
voting rights
Pursuant to River and Mercantile UK Micro Cap Investment Company
Limited's (the "Company") fifth compulsory partial redemption of
its redeemable ordinary shares of no par value (the "Shares")
announced on 28 April 2021, 6,625,458 Shares, approximately 16.35%
of Shares in issue, were redeemed and cancelled on 7 May 2021 and,
accordingly, 33,897,954 Shares remain in issue. The remaining
Shares which have not been redeemed will trade under a new ISIN -
GG00BNDMJP11 (the "New ISIN"), which will be enabled and available
for transactions from 8.00 a.m. today, 10 May 2021. CREST will
automatically transfer any open transactions to the New ISIN.
It is expected that payments of redemption monies will be
effected either through CREST (in the case of Shares held in
uncertificated form) or by cheque (in the case of Shares held in
certificated form) by 14 May 2021.
The above figure (33,897,954) may be used by 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 FCA's Disclosure Guidance and
Transparency Rules.
Andrew Chapman, Chairman of River and Mercantile UK Micro Cap
Investment Company Limited, said: "This is the fifth time the Trust
has been able to effect a redemption at NAV since the Company's
launch in December 2014, enhancing the returns for our investors.
This now means that a total of GBP77 million has now been returned
to investors - a figure that substantially exceeds the total amount
(GBP70.1 million) raised from shareholders. Meanwhile, the
Company's NAV remains above the GBP100 million target portfolio.
Shareholders will also note that the redemption price of 301p
compares most favourably with the original issue price of 100p. We
look forward to continuing strong performance, delivered through
the portfolio manager's committed focus on the investment strategy
and growth potential of the UK Micro Cap sector."
Enquiries:
N+1 Singer
Robert Peel
+44 (0)20 7601 6262
Camarco
Rebecca Noonan
+44 (0)7900 340483
BNP Paribas Securities Services S.C.A., Guernsey Branch
Jasper Cross
+44 (0)1481 750850
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