Amati AIM VCT PLC Update on Offer for Subscription (7588C)
June 22 2021 - 11:22AM
UK Regulatory
TIDMAMAT
RNS Number : 7588C
Amati AIM VCT PLC
22 June 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME
COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION,
INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
AMATI AIM VCT PLC
LEI: 213800HAEDBBK9RWCD25
22 June 2021
Update on Offer for Subscription
Following the announcement made on 12 April 2021, the Board of
Amati AIM VCT PLC (the "Company") has discussed the size and
structure of the proposed offer for subscription (the "Offer") with
the Company's investment manager. Having considered the deployment
of funds over the last six months and the current pipeline of
investment opportunities, the Company is seeking to raise GBP30
million over a 12 month period from the date of publication of the
prospectus related to the Offer. Initially, subscriptions will be
accepted for the 2021/2022 tax year only.
The Directors will also have discretion to utilise an
over-allotment facility of up to GBP30 million, either in whole or
in part. This facility will only be utilised if sufficient
Qualifying Investments have been made from the initial proceeds of
the Offer and the investment manager has identified further
investment opportunities. In this event, the Company may also
accept applications in respect of the 2022/2023 tax year.
Subject to certain conditions, the Board intends to open the
Offer to existing shareholders for a limited period prior to
opening the Offer to new investors.
The prospectus, which will contain the full details and terms
and conditions of the Offer, will be available from
www.amatiglobal.com as soon as the Offer is launched, which is
expected to be at the end of July 2021. A further announcement will
be made when the prospectus is available.
Further information
For further information please contact Samantha Dalby on 0131
503 9115 or email: info@amatiglobal.com.
Notes
This announcement does not constitute or form part of any offer
to issue or sell, or any solicitation of any offer to subscribe for
or purchase, any investment in any jurisdiction, nor shall it (or
the fact of its distribution) form the basis of, or be relied on in
connection with, any contract therefor.
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END
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