The directors of Montanaro UK Smaller Companies Investment Trust PLC recommend a final dividend for the year ended March 31, 2016 of 10.0 pence per ordinary share, amounting to £3,348,000 be paid on August 10, 2016 to shareholders on the share register at the close of business on July 1, 2016. The company paid 8.9 pence for share for the same period last year.

The company also announced that after ten years on the Board, Michael Moule stepped down as a Director on July 31, 2015. Michael has decided to step down as Chairman at the next AGM on 22 July 2016. He will remain on the Board as a Non-Executive Director. Roger Cuming will be replacing as Chairman with effect from July 22, 2016. Roger, a Director of the company since 2009, has a wealth of experience in the investment industry and in investment trusts in particular. Following Roger's appointment as Chairman, Kate Bolsover will replace him as Senior Independent Director.