Hargreave Hale AIM 1 Issue of Equity
September 30 2016 - 11:35AM
UK Regulatory
TIDMHHV
Hargreave Hale AIM VCT 1 Plc
(the "Company")
30 September 2016
Allotment of Shares
Further to an offer for subscription of ordinary shares of 1p
each in Hargreave Hale AIM VCT 1 plc to raise up to GBP15,000,000
and ordinary shares of 1p each in Hargreave Hale Aim VCT 2 plc to
raise up to GBP10,000,000 pursuant to a prospectus dated 1 December
2015 and a supplementary prospectus dated 17 December 2015, and a
supplementary prospectus dated 17 June 2016 the Company announces
an allotment on 30 September 2016 of 320,187 Ordinary Shares in the
Company pursuant to the Offer.
The offer price at which the Ordinary Shares were allotted was
78.09p per Ordinary Share, which was calculated by reference to the
net asset value of an Ordinary Share in the Company on 23 September
2016 (as announced on 26 September 2016) divided by 0.965 (to allow
for issue costs of the Offer).
Following this allotment the total number of Ordinary Shares in
issue is 61,995,274. 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 market for
listed securities, and dealings are expected to commence on or
around the 5 October 2016. Definitive documents of title are
expected to be despatched within 15 business days of allotment.
For further information please contact:
Stuart Brookes
Company Secretary - Hargreave Hale AIM VCT 1 Plc
Tel 0207 009 4987
snb@hargreave.com
View source version on businesswire.com:
http://www.businesswire.com/news/home/20160930005611/en/
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(END) Dow Jones Newswires
September 30, 2016 11:35 ET (15:35 GMT)
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