Miton UK MicroCap Trust Announces Approval of Voluntary Liquidation

Following a string of proposals revolving around an organised conundrum of winding off, Miton UK MicroCap Trust plc is finally set to fade off into the annals of inoperative entities. This action stems from a recently held second general meeting, where a significant resolution passed – the company will indeed be given over to members’ voluntary liquidation.

Guided by Section 110 of the Insolvency Act 1986, the company recently held a meeting of minds, where the die was cast concerning its future. The resultant vote was overwhelmingly in favour of the resolution to liquidate, with a whopping 99.63% of votes advocating for the process. This landslide victory for the resolution spelled an inevitable end for the transacting history of the company.

The company’s trading activities were preemptively suspended from the Official List of the Financial Conduct Authority and the London Stock Exchange in anticipation of this resolution and the subsequent meeting.

Shareholders have diverse options at hand regarding their stakes in the wake of the liquidation. Those that chose to rollover into the Premier Miton UK Smaller Companies Fund will receive approximately 0.189 Sub-Fund shares per Reclassified Share bearing ‘A’ rights. Conversely, shareholders who selected the Cash Option will receive 46.58 pence for each Reclassified Share bearing ‘B’ rights.

With the resolution passed and the winding-up process in full swing, the liquidators are set to dispatch the contract notes for the Sub-Fund shares expectedly. In line with this, the outstanding cheques for those that chose the cash option will be sent by the company’s registrars by the 5th of June 2025. This scheduled activity marks the conclusion of one of the pivotal, impactful events on the trading market, serving as a stark reminder of business uncertainties and the essential need for prudent, strategic planning.