10th May 2021 16:54
River & Mercantile UK Micro Cap Investment Co Ltd - investment company - Completes fifth compulsory partial redemption of 6.6 million shares with effect on Friday last week, leaving 33.9 million shares issued overall.
"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 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," notes Chair Andrew Chapman.
Current stock price: 309.00 pence
Year-to-date change: up 44%
By Dayo Laniyan; [email protected]
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