Company Information

Board of directors

Michael Wrobel, Chairman

Michael Wrobel is an Independent Investment Adviser to Rio Tinto plc. He is also a Trustee of British American Tobacco Pension Fund and Chairman of Thornton’s Plc pension fund. Michael was formerly Group Adviser Pension Investments at Rio Tinto plc, a director of JPMorgan European Smaller Companies Trust plc and Gartmore Investment Management plc and was Head of Investment Trusts at F&C Asset Management. He was previously an investment manager at Fidelity and Morgan Grenfell. Appointed as a Director on 30 March 2011.

Andrew Bell, Senior independent director

Andrew Bell has a depth of experience both as a non-executive director and chairman of investment trusts and is currently a director and the CEO of Witan Investment Trust plc. Prior to this, his experience includes positions at Barclays de Zoete Wedd and Credit Suisse First Boston, and Carr Sheppards Crosthwaite where he spent 10 years as head of research & strategy. Mr Bell was previously a non-executive director of Henderson High Income Trust plc, Framlington Innovative Growth Trust plc, where he also chaired the audit committee for a period, and Gabelli Value Plus+ Trust plc, where he was chairman from its launch in 2015 to 2018. Mr Bell was also a director of The Association of Investment Companies from 2005 to 2015 and held the position of chairman for the last two years of his appointment.

Paul Craig, Board member

Paul Craig is a Portfolio Manager at Old Mutual Global Investors. Paul has over 20 years of investment experience, including 10 years at Exeter Investment Group, 6 years at New Star Asset Management, where he was a director of the asset management subsidiary, and 6 years as a Director of Multi-Manager at Henderson Global Investors. During the past 18 years, Paul’s focus has been multi-manager products with an emphasis on closed-ended funds. Paul is a non-executive director of Ground Rents Income Fund plc and an Associate of the UK Society for Investment Professionals. Appointed as a Director on 30 March 2011.

Michelle McGrade, Board member

Ms McGrade has a depth of experience as a non-executive director and in advisory and consultancy roles. She has broad experience across the investment management industry, including asset management and private wealth. Ms McGrade is currently a non-executive Director of M&G Securities Ltd and Advisor to the Investment Committee of the Sainsbury’s Pension Scheme. She also carries out independent consultancy work focusing primarily on making investing understandable to the general public. In addition, Ms McGrade was previously Chief Investment Officer of Virgin Money and Chief Investment Officer of TD Direct Investing (Europe), where she was also an Executive committee member and Chair of the Investment Committee. Appointed as a Director on 10 October 2019.

Calum Thomson, Board member

Calum Thomson is a qualified accountant with over 25 years' experience in the financial services industry. For the past 21 years, he has been an audit partner at Deloitte LLP, specialising in the asset management sector, with clients including a wide range of managers, investment trusts, banks, sovereign wealth funds, large charities and private equity funds. During his career, Mr Thomson has led Deloitte LLP’s global and UK asset management groups. He is a trustee of La Serenissima.

Caroline Kemsley-Pein, Board member

Caroline Kemsley-Pein is a qualified solicitor and has been advising corporate clients for over 20 years. She is principal and sole owner of Kemsley & Company, a specialist corporate and commercial solicitors’ practice. Throughout her career, Ms Kemsley-Pein has gained experience in mergers, acquisitions and disposals of companies and businesses within the UK market, shareholder and joint venture arrangements, corporate restructuring and complex contractual arrangements.

Company literature

Research & Documents

Press releases & announcements

2019 Change year
Circular and notice of general meeting
23.10.2017
Annual financial report
02.08.2019
Annual financial report
02.08.2018
Annual financial report
07.08.2017
Annual financial report
18.08.2015
Annual financial report
31.05.2014
Annual financial report
31.05.2013
Annual information update
24.07.2012
Appointment - Martin Turner
09.05.2011
Blocklisting application
28.04.2011
Blocklisting interim review
04.11.2019
Blocklisting interim review
03.05.2019
Blocklisting interim review
05.11.2018
Blocklisting interim review
03.05.2018
Blocklisting interim review
03.11.2017
Blocklisting interim review
03.05.2017
Blocklisting interim review
03.11.2016
Blocklisting interim review
03.05.2016
Blocklisting interim review
03.11.2015
Blocklisting interim review
05.05.2015
Blocklisting interim review
03.11.2014
Blocklisting interim review
06.05.2014
Blocklisting interim review
04.11.2013
Blocklisting interim review
03.11.2011
C share conversion
07.10.2014
C share conversion
01.10.2014
C share conversion
25.03.2013
C share conversion
01.10.2012
C share conversion
28.09.2012
C share issue result
12.12.2012
C share issue result
16.07.2012
C share press release
17.12.2012
C share results announcement
24.06.2014
Compliance with Market Abuse Regulation
22.06.2018
Compliance with Market Abuse Regulation
23.06.2017
Compliance with Model Code
08.06.2015
Compliance with Model Code
05.12.2014
Compliance with Model Code
17.06.2014
Director dealing notification - Jane Tufnell
04.05.2011
Director dealing notification - Lucinda Riches
14.07.2011
Director dealing notification - Michael Wrobel
14.07.2011
Director dealing notification - Michael Wrobel
04.05.2011
Director dealing notification - Paul Craig
20.05.2011
Director dealing notification - Paul Craig
09.05.2011
Director declaration - Calum Thomson
23.03.2017
Director declaration - jane tufnell
02.09.2019
Director declaration - jane tufnell
01.05.2018
Director declaration - jane tufnell
16.09.2015
Director declaration - jane tufnell
03.10.2012
Director declaration - Lucinda Riches
17.05.2016
Director declaration - Lucinda Riches
19.02.2015
Director declaration - Lucinda Riches
14.07.2011
Director declaration - Paul Craig
30.06.2016
Director declaration - Paul Craig
05.10.2012
Director shareholding - Calum Thomson
22.02.2017
Director shareholding - Jane Tufnell
15.10.2014
Director shareholding - Jane Tufnell
01.07.2014
Director shareholding - Jane Tufnell
02.05.2013
Director shareholding - Jane Tufnell
03.01.2013
Director shareholding - Lucinda Riches
15.10.2014
Director shareholding - Lucinda Riches
03.07.2014
Director shareholding - Lucinda Riches
29.04.2013
Director shareholding - Lucinda Riches
02.01.2013
Director shareholding - Lucinda Riches
08.10.2012
Director shareholding - Michael Wrobel
19.02.2016
Director shareholding - Michael Wrobel
15.10.2014
Director shareholding - Michael Wrobel
13.08.2014
Director shareholding - Michael Wrobel
02.07.2014
Director shareholding - Michael Wrobel
05.11.2013
Director shareholding - Michael Wrobel
29.04.2013
Director shareholding - Michael Wrobel
08.10.2012
Director shareholding - Paul Craig
02.05.2013
Director shareholding - Paul Craig
02.01.2013
Director shareholding - Tom Bartlam
20.10.2014
Director shareholding - Tom Bartlam
02.07.2014
Director shareholding - Tom Bartlam
31.10.2013
Directorate change
10.10.2019
Directorate change
18.04.2019
Directorate change
04.04.2019
Directorate change
14.12.2018
Directorate change
20.12.2016
Directorate change
15.04.2016
Disclosure of home member state
25.02.2016
Dividend declaration
09.10.2019
Dividend declaration
10.10.2018
First interim dividend
10.10.2017
First interim dividend
12.10.2016
First interim dividend
15.10.2015
First interim dividend
16.09.2014
First interim dividend
17.09.2013
First interim dividend
18.09.2012
First interim dividend
22.09.2011
Formula asset values
30.09.2013
Fourth interim dividend
18.06.2015
Fourth interim dividend
18.06.2014
Half year report
30.11.2017
Half year report
31.01.2017
Half year report
01.01.2016
Half year report
29.01.2015
Half year report
30.11.2013
Half year report
30.11.2012
Holdings
31.05.2013
Interim management statement
31.08.2014
Interim management statement
08.04.2014
Interim management statement
31.08.2013
Interim management statement
31.08.2012
Interim management statement
21.03.2012
Interim management statement
30.09.2011
Major interest in shares - AXA Investment Managers S.A.
18.10.2013
Major interest in shares - Brewin Dolphin
02.03.2017
Major interest in shares - Brewin Dolphin
22.02.2017
Major interest in shares - Brewin Dolphin
08.02.2017
Major interest in shares - Brewin Dolphin
23.01.2017
Major interest in shares - Brewin Dolphin
20.01.2017
Major interest in shares - Brewin Dolphin
04.01.2017
Major interest in shares - City of Bradford Metropolitan District Council
24.07.2012
Major interest in shares - F&C Asset Management
21.09.2012
Major interest in shares - Henderson Global Investors
10.07.2015
Major interest in shares - Henderson Global Investors
09.10.2014
Major interest in shares - Henderson Global Investors
07.08.2014
Major interest in shares - Henderson Global Investors
28.03.2013
Major interest in shares - Henderson Global Investors
04.10.2012
Major interest in shares - Henderson Global Investors
19.05.2011
Major interest in shares - Investec Wealth & Investment Limited
02.06.2015
Major interest in shares - Investec Wealth & Investment Limited
24.12.2014
Major interest in shares - Investec Wealth & Investment Limited
01.08.2014
Major interest in shares - Investec Wealth & Investment Limited
17.12.2012
Major interest in shares - Investec Wealth & Investment Limited
05.10.2012
Major interest in shares - JP Morgan Asset Management
23.11.2012
Major interest in shares - JP Morgan Asset Management
15.10.2012
Major interest in shares - JP Morgan Asset Management
16.05.2011
Major interest in shares - Lloyds Banking Group
17.12.2012
Major interest in shares - Lloyds Banking Group
03.10.2012
Major interest in shares - MAM funds
20.12.2012
Major interest in shares - MAM funds
12.10.2012
Major interest in shares - MAM funds
14.09.2012
Major interest in shares - MAM funds
04.05.2011
Major interest in shares - Old Mutual
30.04.2015
Major interest in shares - Old Mutual
27.02.2015
Major interest in shares - Prudential
22.10.2019
Major interest in shares - Prudential
23.08.2018
Major interest in shares - Prudential
09.08.2018
Major interest in shares - Prudential
01.02.2018
Major interest in shares - Prudential
26.09.2017
Major interest in shares - Prudential
14.09.2017
Major interest in shares - Prudential
15.10.2014
Major interest in shares - Prudential
06.08.2014
Major interest in shares - Rensburg Sheppards Investment Management
06.05.2011
Major interest in shares - Smith and Williamson
18.01.2013
Major interest in shares - The Cayenne Trust
24.10.2012
Major interest in shares - The Cayenne Trust
18.05.2011
Merger result and appointment of new director
30.09.2013
Merger update
30.09.2013
Notice of AIFM depositary
22.07.2014
Notice of general meeting
23.10.2017
Novation of management agreement
02.01.2014
Portfolio protection
01.11.2013
Possible C share issue
19.05.2014
Possible C share issue
31.03.2014
Possible C share issue
29.10.2012
Possible C share issue
22.10.2012
Possible C share issue and results of redemption point
31.05.2012
Proposed merger with Henderson Fledgling Trust plc
14.02.2013
Proposed merger with Miton Income Opportunities Trust plc
03.07.2013
Prospectus
30.08.2013
Prospectus
20.11.2012
Prospectus
27.06.2012
Prospectus
07.04.2011
Publication of Prospectus
30.05.2014
Publication of Prospectus
20.11.2012
Publication of Prospectus
07.04.2011
Redemption of ordinary shares
03.05.2019
Redemption of ordinary shares
23.05.2017
Redemption of ordinary shares
04.05.2017
Redemption of ordinary shares
21.03.2017
Redemption of ordinary shares
04.05.2016
Redemption of ordinary shares
31.03.2016
Redemption of ordinary shares
01.05.2015
Redemption of ordinary shares
20.03.2015
Redemption of ordinary shares
08.05.2014
Redemption of ordinary shares
30.04.2014
Redemption price and total voting rights
05.06.2019
Redemption price and total voting rights
03.06.2016
Redemption price and total voting rights
08.06.2015
Redemption price and total voting rights
04.06.2014
Results announcement
20.04.2011
Results of AGM
10.10.2019
Results of AGM
10.10.2018
Results of AGM
10.10.2017
Results of AGM
12.10.2016
Results of AGM
14.10.2015
Results of AGM
21.10.2014
Results of AGM
17.10.2012
Results of general meeting
23.09.2013
Results of general meeting
07.12.2012
Second interim dividend
17.12.2014
Second interim dividend
16.12.2013
Second interim dividend
17.12.2012
Second interim dividend
22.12.2011
Share issue in connection with Miton Income Opportunities Trust plc
30.08.2013
Third interim dividend
04.05.2017
Third interim dividend
25.04.2016
Third interim dividend
16.03.2015
Third interim dividend
19.03.2014
Third interim dividend
21.03.2012
Total voting rights
03.09.2018
Total voting rights
01.07.2015
Total voting rights
08.10.2014
Total voting rights
01.07.2014
Total voting rights
27.06.2014
Total voting rights
01.11.2013
Total voting rights
01.10.2013
Total voting rights
02.01.2013
Total voting rights
18.12.2012
Total voting rights
02.10.2012
Total voting rights
23.07.2012
Total voting rights
04.05.2011
Issue of equity and total voting rights
07.08.2018
Notification of transactions by persons discharging managerial responsibilities
29.05.2019
Notification of transactions by persons discharging managerial responsibilities
02.05.2019
Voluntary redemption of ordinary shares
09.04.2019
Annual option to redeem ordinary shares
12.04.2018
Fact sheet announcement
18.11.2019
Fact sheet announcement
16.10.2019
Fact sheet announcement
16.08.2019
Fact sheet announcement
22.07.2019
Fact sheet announcement
14.06.2019
Fact sheet announcement
30.04.2019
Fact sheet announcement
31.03.2019
Fact sheet announcement
28.02.2019
Fact sheet announcement
31.01.2019
Fact sheet announcement
18.12.2018
Fact sheet announcement
19.11.2018
Fact sheet announcement
17.10.2018
Fact sheet announcement
17.08.2018
Fact sheet announcement
25.07.2018
Fact sheet announcement
18.06.2018
Fact sheet announcement
22.05.2018
Fact sheet announcement
25.04.2018
Fact sheet announcement
22.03.2018
Major interest in shares - M&G
22.10.2019
Major interest in shares - M&G
07.09.2018

Financial calendar

January
  • Announcement of half-yearly results.
February
  • Payment of first interim dividend.
May
  • Year end.
  • Payment of second interim dividend.
August
  • Announcement of annual results.
  • Payment of third interim dividend.
October
  • Annual General Meeting.
November
  • Half-year end.
  • Payment of final and special dividend.


Company advisers

Secretary & Registered Office

  • Link Alternative Fund Administrators Limited
  • (trading as Link Asset Services)
  • Beaufort House
  • 51 New North Road
  • Exeter EX4 4EP
  • Telephone: 01392 477500

Alternative Investment Fund Manager

  • Miton Trust Managers Limited
  • 6th Floor
  • Paternoster House
  • 65 St Paul’s Churchyard
  • London EC4M 8AB

Investment Manager

  • Miton Asset Management Limited
  • 6th Floor
  • Paternoster House
  • 65 St Paul’s Churchyard
  • London EC4M 8AB
  • Telephone: 020 3714 1525
  • Website: www.mitongroup.com

Auditor

  • Ernst & Young LLP
  • 25 Churchill Place
  • Canary Wharf
  • London E14 5EY

Banker

  • Bank of New York Mellon
  • One Piccadilly Gardens
  • Manchester M1 1RN

Custodian

  • Bank of New York Mellon SA/NV
  • London Branch
  • One Canada Square
  • London E14 5AL

Depositary

  • BNY Mellon Trust & Depositary (UK) Limited
  • BNY Mellon Centre
  • 160 Queen Victoria Street
  • London EC4V 4LA

Solicitor

  • Stephenson Harwood LLP
  • 1 Finsbury Circus
  • London EC2M 7SH

Stockbroker

  • Cenkos Securities plc
  • 6-8 Tokenhouse Yard
  • London EC2R 7AS

Registrar & Transfer Office

  • Link Asset Services
  • Shareholder Services Department
  • The Registry
  • 34 Beckenham Road
  • Beckenham
  • Kent BR3 4TU
  • Telephone (UK): 0871 664 0300
  • Telephone (Outside UK): +44 (0)20 8639 3399

Calls will cost 12p per minute plus phone company’s access charge; calls from outside the UK will be charged at the applicable international rate.

Lines are open 9.00am to 5.30pm, Monday to Friday, excluding public holidays in England and Wales.