Unicorn AIM VCT PLC Net Asset Value and Offer Update (5992H)
26 March 2020 - 1:33AM
UK Regulatory
TIDMUAV
RNS Number : 5992H
Unicorn AIM VCT PLC
25 March 2020
Unicorn AIM VCT plc (the "Company")
LEI: 21380057QDV7D34E9870
Net Asset Value and Offer Update
Yesterday the Company published its net asset value per share
("NAV") of 119.6p as at 23 March 2020, a reduction of 46.1p in the
NAV of 165.7p as at 29 February 2020. This fall of 27.8% reflected
valuation reductions generally across the investments in the
portfolio as a result of the market volatility arising from the
impact of the Coronavirus (Covid-19) pandemic affecting all
businesses including those in which the Company invests.
In light of the updated NAV, the Company is required to publish
a supplementary prospectus ("Supplementary Prospectus") in
connection with the offer for subscription contained in the
prospectus dated 11 February 2020 ("Offer") as soon as
possible.
As a result of the above, the allotment scheduled for today, 25
March 2020, will be delayed until after the publication of the
Supplementary Prospectus. Once the Supplementary Prospectus has
been published the Company now intends to make one allotment for
the 2019/2020 tax year. Valid applications (which requires the
receipt of cleared funds) received by 5.30pm on 2 April 2020, are
intended to be processed and allotted on 3 April 2020, based on an
unaudited net asset value calculated as at the close of markets on
31 March 2020.
The Offer will remain open until 30 June 2020 unless the
over-allotment facility is fully subscribed before this date or
otherwise at the Board's discretion.
For further information please contact:
Chris Hutchinson at Unicorn Asset Management Limited (the
Company's investment manager) on 020 7253 0889
ISCA Administration Services Limited (the Company Secretary)
on
01392 487056 ; or unicornaimvct@iscaadmin.co.uk
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
STRUVOSRRAUOUAR
(END) Dow Jones Newswires
March 25, 2020 10:33 ET (14:33 GMT)
Unicorn Aim Vct (LSE:UAV)
Historical Stock Chart
From Apr 2024 to May 2024
Unicorn Aim Vct (LSE:UAV)
Historical Stock Chart
From May 2023 to May 2024