Miton UK Microcap Trust EGM 2025

Further to the Company’s announcement on 31 January 2025 in connection with the proposals for the reconstruction and voluntary winding-up of the Company, the Board has published a circular putting forward the Proposals and convening the required General Meetings.

Shareholders may elect, in whole or in part and in accordance with their personal investment requirements, for either or both of the following options:

(a) the Rollover Option – rolling over some or all of their investment into Sub-Fund Shares to be issued by the Sub-Fund; and/or

(b) the Cash Option – receiving cash in the liquidation of the Company in respect of some or all of their investment in the Company.

Shareholders (other than Restricted Shareholders) that make no Election (or no valid Election) will be deemed to have elected for Sub-Fund Shares. The key features of the Sub-Fund are set out below and in Part 3 of the Circular. Shareholders should also refer to the OEIC Prospectus and Sub-Fund KIID which are available at https://www.premiermiton.com/funds/premier-miton-uk-smaller-companies-fund/ . The OEIC Prospectus and Sub-Fund KIID do not form part of the Circular (and the Board takes no responsibility for the contents of the OEIC Prospectus or the Sub-Fund KIID).

At the First General Meeting, Resolutions will be proposed which, if passed, will:

a)  amend the Articles of Association in order to implement the Scheme and make provision for the issue of the relevant numbers of Sub-Fund Shares to Shareholders on a winding-up of the Company;

b) subject to the Scheme becoming unconditional, authorise the implementation of the Scheme by the Liquidators, including the entry into the Transfer Agreement by the Liquidators, the allotment of the relevant number of Sub-Fund Shares, by the Sub-Fund, to the Liquidators (who will renounce such shares in favour of the relevant Shareholders) and the realisation of the Cash Pool and distribution of cash by the Liquidators to the relevant Shareholders; and

c) subject to the Scheme becoming unconditional, authorise the Liquidators to purchase the interests of Dissenting Shareholders and to apply to cancel the listing of the Company’s Ordinary Shares, with effect from such date as the Liquidators will determine.