Scottish Oriental Smaller Companies Trust plc (SST) has published its monthly total voting rights disclosure, confirming that 111,305,482 ordinary shares carry voting rights as at 31 October 2026. The announcement, made in compliance with FCA Disclosure Guidance and Transparency Rules, is a routine regulatory update that investors and institutional shareholders use to assess notification thresholds. The trust, which focuses on smaller companies across Asian markets, has 157,068,315 ordinary shares in issue in total, with 45,762,833 held in Treasury and therefore excluded from the voting rights denominator.

Key Points

  • Scottish Oriental Smaller Companies Trust plc (SST)
  • Total voting rights denominator confirmed at 111,305,482 ordinary shares as at 31 October 2026
  • Total shares in issue: 157,068,315; Treasury shares: 45,762,833; each ordinary share carries a nominal value of 5p
  • Investors holding or approaching FCA disclosure thresholds should use 111,305,482 as the denominator for notification calculations

SST Confirms 111,305,482 Shares Carry Voting Rights After Treasury Exclusion

As at 31 October 2026, Scottish Oriental Smaller Companies Trust plc held 157,068,315 ordinary shares of 5p each in issue. Of this total, 45,762,833 shares are classified as Treasury shares, meaning they are held by the company itself and do not confer voting rights. After excluding these Treasury shares, the total number of shares with voting rights stands at 111,305,482. This figure is disclosed in accordance with Rule 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules, which requires listed companies to publish this data monthly to support shareholder transparency obligations.

How Shareholders Must Use the 111,305,482 Denominator Under FCA Rules

The announcement explicitly states that 111,305,482 is the figure shareholders and others with notification obligations should use as the denominator when calculating whether they must disclose an interest or a change in interest under the FCA's Disclosure Guidance and Transparency Rules. Any investor whose holding crosses a relevant threshold relative to this denominator may be required to submit a notification to the company and to the FCA. This is a standard regulatory mechanism designed to ensure that significant share ownership movements in listed investment trusts remain visible to the market.

Scottish Oriental Smaller Companies Trust's Focus on Asian Smaller-Company Equities

Scottish Oriental Smaller Companies Trust is an investment trust focused on smaller companies in the Asia-Pacific region, offering investors exposure to equity markets across Asian economies through a closed-ended fund structure. The company's shares are listed in London, and Juniper Partners Limited serves as Company Secretary, providing administrative and governance support. The trust's investment mandate targets smaller-capitalisation businesses in Asian markets, a segment that can carry higher volatility and liquidity risk compared with large-cap regional peers, factors investors in this sector typically monitor closely alongside regular corporate governance disclosures such as this one.