Result of Placing

RNS Number : 8523D

River & Mercantile UK Micro Cap Inv

29 October 2015

 



River and Mercantile UK Micro Cap Investment Company Limited

Result of Placing

29 October 2015

Further to the announcement on 15 October 2015, the Board of River and Mercantile UK Micro Cap Investment Company Limited (the "Company") is pleased to announce that it has raised £19.5 million through the issue of 16,679,405 new ordinary shares of no par value in the Company (the "Shares").  The Shares were issued at a price of 117.18 pence per Share, representing a 1.25 per cent. premium to the Company's net asset value per share as at close of business on 27 October 2015.

The net proceeds of the placing will be used to invest in the Micro Cap sector, in line with the Company's investment policy.  The board reiterates that the portfolio manager is continuing to see a number of attractive opportunities in the Micro Cap sector.

Applications will be made for the Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expect that dealings in the New Shares will commence at 8.00 a.m. on 3 November 2015.

The Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of the Company.  The total number of Shares in issue stands at 67,322,568 following the placing, and the total number of voting rights in the Company is 67,322,568. There are no Shares held in Treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency rules

For further information please contact:

River and Mercantile Asset Management LLP James Barham Mark Thomas	[phone]
Winterflood Securities Limited	[phone]
Joe Winkley Neil Morgan

 

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