TIDMARR
RNS Number : 6243R
Aurora Investment Trust PLC
18 June 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, OR INTO OR FROM ANY MEMBER STATE OF THE EUROPEAN
ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA,
JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.
This announcement is an advertisement and not a prospectus. This
announcement does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or
solicitation of any offer to buy or subscribe for, any securities
in Aurora Investment Trust plc (the "Company") or securities in any
other entity, in any jurisdiction, including the United States, nor
shall it, or any part of it, or the fact of its distribution, form
the basis of, or be relied on in connection with, any contract or
investment decision whatsoever, in any jurisdiction. This
announcement does not constitute a recommendation regarding any
securities. Any investment decision must be made exclusively on the
basis of the final prospectus published by the Company and any
supplement thereto.
18 June 2018
Aurora Investment Trust plc
Intermediaries Offer and Placing
Aurora Investment Trust plc (the "Company") has today launched
an intermediaries offer and a placing pursuant to the Placing
Programme of new ordinary shares of 25 pence each (the "Ordinary
Shares") targeting minimum gross proceeds of GBP2 million (the
"Issue").
The Issue has been proposed by the Directors to increase the
size of the Company and in turn give it a larger equity base over
which to spread fixed costs while also improving the liquidity and
marketability of the Ordinary Shares.
The price of the new Ordinary Shares to be issued under the
Issue will be calculated by applying a premium of 1.25 per cent. to
the Net Asset Value per Ordinary Share as at close of business on
Wednesday 27 June 2018 (the "Issue Price").
The new Ordinary Shares will be issued using the Company's
existing share authority which was obtained at its general meeting
held on 6 June 2018.
The timetable in respect of the Issue is expected to be as
follows:
Date
Publication of Issue Price Thursday 28 June 2018
-------------------------------
Latest time and date for applications 12 noon on Friday 29 June 2018
from intermediaries under the
intermediaries offer
-------------------------------
Latest time and date for receipt 12 noon on Friday 29 June 2018
of commitments under the placing
-------------------------------
Results of the Issue announced Friday 29 June 2018
-------------------------------
Admission and dealings in new Tuesday 3 July 2018
Ordinary Shares commence
-------------------------------
The placing is being conducted in accordance with the terms and
conditions as set out in the Company's prospectus dated 5 September
2017 (the "Prospectus").
The Prospectus, as supplemented by the supplementary prospectus
dated 4 May 2018, and circular are available for inspection at the
National Storage Mechanism which is located at
http://www.morningstar.co.uk/uk/nsm.do. Alternatively they are also
available in electronic form on the Company's website at
www.aurorainvestmenttrust.com and copies are available for
collection during normal business hours on any working day
(Saturday, Sunday and public holidays excepted) until 4 September
2018 from the registered office of the Company and the offices of
Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London
EC2A 2EW.
Capitalised terms used but not defined in this announcement have
the same meanings as set out in the Company's Prospectus.
Enquiries:
Tristan Chapple
Steve Tatters
Phoenix Asset Management Partners Limited
Tel: 020 8600 0100
Chris Clarke
Louis Davies
Liberum Capital Limited
Tel: 020 3100 2000
William Clutterbuck
wclutterbuck@maitland.co.uk
Jason Ochere
jochere@maitland.co.uk
Maitland
Tel: 0207 379 5151
John Luetchford
PraxisIFM Fund Services (UK) Limited
Company Secretary to Aurora Investment Trust plc
Tel: 020 7653 9687
Intermediaries Offer
Nigel Morris
Solid Solutions Associates (UK) Ltd
intermediaries@solid-solutions.co.uk
Tel: 020 7549 1613
Important notices
Neither the NSM website nor the Company's website nor the
content of any website accessible from hyperlinks on those websites
(or any other website) is (or is deemed to be) incorporated into,
or forms (or is deemed to form) part of, this announcement.
Dickson Minto W.S. and Liberum Capital Limited are authorised
and regulated in the UK by the Financial Conduct Authority, are
acting exclusively for the Company and for no-one else in
connection with the contents of this announcement and will not be
responsible to anyone other than the Company for providing the
protections afforded to their respective clients, or for affording
advice in relation to the contents of this announcement or any
matters referred to herein.
No person has been authorised to give any information or to make
any representations other than those contained in this announcement
and, if given or made, such information or representations must not
be relied on as having been authorised by the Company, Dickson
Minto W.S., Liberum Capital Limited or any of their respective
directors, officers, employees or agents. Subject to the Listing
Rules and/or the Prospectus Rules and/or the Disclosure Guidance
and Transparency Rules and/or the Takeover Code and/or FSMA,
neither the delivery of this announcement nor any subscription or
acquisition made under it shall, in any circumstances, create any
implication that there has been no change in the affairs of the
Company since the date of this announcement or that the information
in it is correct as of any subsequent date.
This announcement is for information only and does not
constitute or form part of any offer or invitation to issue,
acquire or dispose of any securities or investment advice in any
jurisdiction.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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