Hargreave Hale AIM 1 Publication Of Prospectus
September 02 2020 - 11:32AM
UK Regulatory
TIDMHHV
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR
THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION WHICH THE SAME COULD BE
UNLAWFUL.
This announcement does not constitute an offer to sell, or the
solicitation of an offer to subscribe for, or to buy shares in any
jurisdiction. This announcement is an advertisement and not a
prospectus.
HARGREAVE HALE AIM VCT PLC
LEI: 213800LRYA19A69SIT31
2 September 2020
Issue of a Prospectus and Related Party Transaction
Further to the announcement on 22 June 2020, the Board of Hargreave Hale
AIM VCT plc (the "Company") is pleased to announce that the Company has
today published a prospectus in relation to an offer for subscription
under which the Company is seeking to raise up to GBP20 million,
together with an over-allotment facility to raise up to a further GBP10
million (the "Offer").
As part of the Offer the Company has entered into an offer agreement
with the Company's administrator, Canaccord Genuity Wealth Limited (the
"Administrator") dated 2 September 2020 (the "Offer Agreement"). Under
the Offer Agreement the Administrator has agreed to act as receiving
agent to the Company in relation to the Offer and to use its reasonable
endeavours to procure subscribers for shares in the Company. As
consideration for the services to be provided under the Offer Agreement
the Company shall pay the Administrator a fee of 3.5 per cent. of the
gross proceeds of the Offer.
Out of this fee the Administrator shall pay all costs and expenses of
and incidental to the Offer and the preparation of the Prospectus. The
Investment Manager is a related party. As such, this transaction is a
smaller related party transaction as defined in LR11.1.10R.
The Offer opened on 2 September 2020 and will close on 20 August 2021
(unless fully subscribed by an earlier date or closed at the Directors'
discretion). Persons intending to apply for ordinary shares under the
Offer for the 2020/21 tax year should note that the deadline for such
applications is 12.00 p.m. on 1 April 2021.
The Prospectus is available to download from the Company's website,
https://www.globenewswire.com/Tracker?data=RakxlIS2ZgGuUHkDlF39-wy95zHear-hXRPwD-2EGS0Vux2iCJBw0Lds4BM-JSPVlnoFfMLmUes4cgKLx5OeHC9mHFVHM8zKtWgoOpq3KTd7lmPYPzZPaSVZ-uvPYcTO
www.hargreaveaimvcts.co.uk. The Prospectus will also shortly be
available for inspection at the National Storage Mechanism,
https://www.globenewswire.com/Tracker?data=RpviSasGeAbHrBq7veyHB1TTwNTVIp5c0xUbFr_Q40iGnm68UjiPbE63HTK_mIpu9tIDxboJedeYfeqnC4tGX91y53OxqBqsMifD6dv13SDatlTF8f_D8Bc_uOeRvSj94xG2UjzfXB8mrIroPO90obD5I316l3dCscP-PZ3smPlXOnsJfFUzBF39muvvzIFc
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
Oliver Bedford, Canaccord Genuity Fund Management
Tel: 020 7523 4837
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.
(END) Dow Jones Newswires
September 02, 2020 12:32 ET (16:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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