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Shareholder information

The Trust seeks to provide investors with long-term capital growth through a concentrated portfolio of 12-18 UK listed companies that typically have a market capitalisation of below £150 million (at the time of investment). We define these as micro-caps. The Trust intends to take an influential, strategic position (a 3% - 25% equity stake) in each underlying business.

As announced by the London Stock Exchange on 3 May 2017, the Trust has raised £54.5 million (net), and shares began trading on 9 May 2017. The initial NAV was 98.04p per share.

 

Announcements

 

Report and accounts

The company’s annual financial statements will be prepared to 28 February in each year and will typically be sent to shareholders within four months of its financial year end. 

The first annual report will be prepared to 28 February 2018.

The company also publishes an unaudited interim report covering the six months to 31 August each year, typically within two months of that date. 

 

Board of Directors

The Company will hold its first annual general meeting in 2018 and will then hold an annual general meeting each year thereafter. Set out below are the members of the Board.

  • Hugh Aldous (Chairman)
  • Andrew Griffiths (Non-executive director)
  • Stephen Yapp (Non-executive director)
  • Linda Bell (Non-executive director)

 

Dividends

The Company does not have a dividend target. The Company is proposing a modest dividend of 1.25p per share for the year. This is subject to approval by shareholders at the annual general meeting. The dividend will be paid to shareholders on 5 July 2019 to shareholders on the register at 24 May 2019 (ex-dividend date 23 May 2019).

 

Further information

Company’s registered office
St Magnus House,
3 Lower Thames Street
London 
EC3R 6HD
Telephone: 02074167780

Sponsor, Broker, Placing Agent and Intermediaries Offer Adviser
Stockdale Securities Limited
Beaufort House
15 St. Botolph Street
London
EC3A 7BB
United Kingdom

Investment Manager 
Downing LLP
St Magnus House,
3 Lower Thames Street
London 
EC3R 6HD
Telephone: 0207 416 7780

Company Secretary 
Maitland Administration Services Ltd
The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY
United Kingdom

Administrator 
Maitland Administration Services Ltd
The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY
United Kingdom

Custodian 
The Northern Trust Company
50 Bank Street
Canary Wharf
London
E14 5NT
United Kingdom
Telephone: 0207 982 2000

Solicitor
Dentons UK and Middle East LLP
One Fleet Place
London
EC4M 7WS
United Kingdom

Arthur Cox
Ten Earlsfort Terrace
Dublin 2
Ireland

Carey Olsen, Guernsey
Les Banques
St Peter Port
GY1 4BZ
Guernsey

Carey Olsen, Jersey
47 Esplanade
St Helier
JE1 0BD
Jersey

Legal Adviser to the Sponsor 
Stephenson Harwood LLP
1 Finsbury Circus
London
EC2M 7SH
United Kingdom

Auditor and Reporting Accountant
Grant Thornton UK LLP
30 Finsbury Square
London
EC2P 2YU
United Kingdom

Registrar
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol
BS99 6ZZ
United Kingdom

Receiving Agent
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol
BS13 8AE
United Kingdom
Legal Adviser to the Company