Hargreave Hale AIM 1 Issue Of Equity
14 December 2018 - 4:24AM
UK Regulatory
TIDMHHV
Hargreave Hale AIM VCT Plc
(the "Company")
13 December 2018
Allotment of Shares
Further to an offer for subscription of ordinary shares of 1p each in
Hargreave Hale AIM VCT plc to raise up to GBP20,000,000 pursuant to a
prospectus dated 19 September 2018 ("Prospectus"), the Company announces
an allotment on 13 December 2018 of 4,120,915 Ordinary Shares in the
Company pursuant to the Offer.
The offer price at which the Ordinary Shares were allotted was 78.60p
per Ordinary Share, which was calculated, in accordance with the
Prospectus, by reference to the net asset value of an Ordinary Share in
the Company on 7 December 2018 (as announced on 13 December 2018, being
the last published net asset value per Ordinary Share) divided by 0.965
(to allow for issue costs of the Offer).
Following this allotment, the total number of Ordinary Shares in issue
is 200,844,654. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Disclosure and
Transparency Rules.
Application will shortly be made for the Ordinary Shares so allotted to
be admitted to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's main market for listed securities,
and dealings are expected to commence on or around the 17 December 2018.
Definitive documents of title are expected to be despatched within 15
business days of allotment.
Terms defined in the Prospectus have the same meaning where used in this
announcement
For further information please contact:
Stuart Brookes
Company Secretary -- Hargreave Hale AIM VCT Plc
Tel 0207 009 4987
stuart.brookes@canaccord.com
(END) Dow Jones Newswires
December 13, 2018 12:24 ET (17:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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