The Board of directors of Montanaro European Smaller Companies Trust plc recommended the payment of a final dividend of 6.75 pence per share for the year ended March 31, 2018, payable on September 3, 2018 to shareholders on the register on July 13, 2018. Subject to shareholder approval, this would bring the total dividends for the year to 8.50 pence per share, an increase of 3.0% compared to the previous year.

The company also announced Bruce Graham and Alex Hammond-Chambers will retire following the conclusion of the Annual General Meeting on August 29, 2018. Bruce Graham (Chairman of the Audit Committee) and Alex Hammond-Chambers (Chairman of the Nomination Committee and Senior Independent Director) have served on the Board since 2003 and 2004 respectively. Following their retirement, Caroline Roxburgh will become Chairman of the Audit Committee, Richard Curling Chairman of the Nomination Committee and Merryn Somerset Webb the Senior Independent Director.