Montanaro UK Smaller Companies Investment Trust plc (MTU) has published its total voting rights disclosure as at 31 October 2026, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The announcement confirms that 110,344,305 ordinary shares currently carry voting rights, following the exclusion of treasury shares. This figure serves as the official denominator for shareholders and others calculating whether they are required to notify a change in their interest in the trust under FCA rules. The disclosure was released on 2 November 2026.

Key Points

  • Montanaro UK Smaller Companies Investment Trust plc (MTU)
  • Total voting rights confirmed at 110,344,305 ordinary shares of 2p each as at 31 October 2026
  • Total shares in issue stand at 167,379,790, of which 57,035,485 are held in treasury
  • Investors and shareholders with notification obligations should use 110,344,305 as the regulatory denominator for FCA disclosure calculations

MTU Total Shares in Issue and Treasury Holdings at 31 October 2026

As at 31 October 2026, Montanaro UK Smaller Companies Investment Trust plc had a total of 167,379,790 ordinary shares of 2p each in issue. Of this total, 57,035,485 shares are held in treasury, meaning they carry no voting rights and are excluded from the voting rights calculation. The resulting figure of 110,344,305 represents the shares that are active and carry full voting entitlement. Treasury shares are a common feature of investment trusts and can be reissued or cancelled at a later date, though the announcement makes no reference to any planned changes to the current treasury position.

FCA Rule 5.6.1 Compliance and the Regulatory Denominator Obligation

The disclosure is made in accordance with Rule 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules, which requires listed companies to publish their total voting rights at the end of each month in which a change occurs. The confirmed denominator of 110,344,305 must be used by any shareholder, or party with a notification obligation, to determine whether a threshold has been crossed that triggers a mandatory interest disclosure to the FCA and the company. Failure to notify correctly when a threshold is breached can result in regulatory consequences under the transparency rules framework.

About Montanaro UK Smaller Companies Investment Trust and Its Investment Focus

Montanaro UK Smaller Companies Investment Trust is a London-listed investment trust focused on UK smaller companies. The trust is managed with the objective of providing capital growth through investment in a portfolio of smaller quoted UK businesses. The trust's secretary, Juniper Partners Limited, is based in Edinburgh and serves as the point of contact for regulatory and administrative enquiries. The trust operates under LEI reference 213800UDDXXTXIF29P85. Investors in the UK smaller companies sector may be watching this trust as a barometer for sentiment towards domestic growth-oriented equities.