RE: Miton16 Mar 2025 08:27
The Scheme is conditional, among other things, upon:
(a) the passing of all Resolutions to be proposed at (i) the First General Meeting and (ii) the Second General Meeting (or at any adjournments thereof) and upon any conditions of such Resolutions being fulfilled;
(b) the FCA agreeing to amend the listing of the Ordinary Shares to reflect their reclassification as Reclassified Shares for the purpose of implementing the Scheme; and
(c) the Directors resolving to proceed with the Scheme.
In the event that any of the conditions referred to in (a)(i) or (b) above fails, the Second General Meeting will be adjourned indefinitely and the Scheme will lapse.
Sub-Fund
The Sub-Fund is an open-ended investment fund which aims to achieve capital growth over the long term, by investing in an actively managed portfolio with a minimum of 70 per cent. of its assets in shares of smaller companies incorporated or domiciled in the UK. The Sub-Fund may also invest up to 30 per cent. of its assets in larger companies incorporated or domiciled in the UK as well as listed securities in other geographical regions.
Please refer to Part 3 of the Circular for further details on the Sub-Fund, including details of the investment objective and