Hargreave Hale AIM 1 Allotment Of Shares
January 19 2024 - 6:58AM
UK Regulatory
TIDMHHV
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY MEMBER STATE
OF THE EEA (OTHER THAN ANY MEMBER STATE OF THE EEA WHERE THE
COMPANY'S SECURITIES MAY BE LEGALLY MARKETED), OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART
OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION.
19 January 2024
HARGREAVE HALE AIM VCT PLC
(the "Company")
Allotment of Shares
The Board announced on 7 September 2023 that the Company had
published a prospectus (the "Prospectus") and had published a
supplementary prospectus (the "Supplementary Prospectus") on 8
January 2024 in relation to an offer for subscription of ordinary
shares of 1p each (the "Ordinary Shares"), to raise up to
GBP20,000,000, with the discretion to utilise an over-allotment
facility to raise up to a further GBP20,000,000 (the "Offer"). On
19 January 2024 the Company allotted 3,722,897 new Ordinary Shares
pursuant to the Offer conditional only on Admission (the timetable
for which is set out in more detail below).
The offer price at which the 3,722,897 new Ordinary Shares were
allotted was 46.75 pence per Ordinary Share, which was calculated,
in accordance with the terms of the Offer, by reference to the
ex-dividend net asset value of an Ordinary Share on 12 January 2024
(as announced on 16 January 2024, being the last published
ex-dividend net asset value per Ordinary Share) divided by 0.965
(to allow for the costs of the Offer).
Application will shortly be made for the 3,722,897 new Ordinary
Shares to be admitted to the premium segment of the Official List
of the Financial Conduct Authority and to trading on the premium
segment of London Stock Exchange plc's main market for listed
securities ("Admission"). It is expected that Admission will occur
and dealing will commence in the new Ordinary Shares on or around
26 January 2024. When issued, the new Ordinary Shares will rank
pari passu with the existing Ordinary Shares.
Oliver Bedford, a director of the Company, was allotted 54,009
Ordinary Shares at 46.75 pence per share and his total holdings and
those of persons closely associated to him are now 276,274 Ordinary
Shares representing 0.08% of the Company's issued Ordinary share
capital.
As a result of the issue, the total number of Ordinary Shares in
issue will be 345,784,587 with each Ordinary Share carrying one
vote each. Therefore, the total voting rights in the Company will
be 345,784,587. 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 Guidance and Transparency Rules.
The new Ordinary Shares will be issued in registered form and
may be held in uncertificated form. Definitive documents of title
are expected to be despatched within 15 business days of allotment.
The new Ordinary Shares will be eligible for settlement through
CREST with effect from Admission.
Unless the context requires otherwise, terms defined in the
Prospectus and Supplementary Prospectus have the same meaning where
used in this announcement.
END
For further information, please contact:
JTC (UK) Limited HHV.CoSec@jtcgroup.com
Susan Fadil +44 203 893 1005
Uloma Adighibe +44 203 832 3877
LEI: 213800LRYA19A69SIT31
Important Information
This announcement is an advertisement for the purposes of the
Prospectus Regulation Rules of the UK Financial Conduct Authority
("FCA") and is not a prospectus. This announcement does not
constitute or form part of, and should not be construed as, an
offer for sale or subscription of, or solicitation of any offer to
subscribe for or to acquire, any ordinary shares in the Company in
any jurisdiction, including in or into Australia, Canada, Japan,
the Republic of South Africa, the United States or any member state
of the EEA (other than any member state of the EEA where the
Company's securities may be lawfully marketed). Investors should
not subscribe for or purchase any ordinary shares referred to in
this announcement except on the basis of information in the
Supplementary Prospectus in its final form, published on 5
September 2022 by the Company in connection with the Offer. A copy
of the Supplementary Prospectus is available for inspection,
subject to certain access restrictions, from the Company's
registered office, for viewing at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website (www.hargreaveaimvcts.co.uk). Approval of the
Supplementary Prospectus by the FCA should not be understood as an
endorsement of the securities that are the subject of the
Supplementary Prospectus. Potential investors are recommended to
read the Supplementary Prospectus before making an investment
decision in order to fully understand the potential risks and
rewards associated with a decision to invest in the Company's
securities.
(END) Dow Jones Newswires
January 19, 2024 07:58 ET (12:58 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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