Close of Offer to Further Applications
March 22 2024 - 12:49PM
UK Regulatory
Close of Offer to Further Applications
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR 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.
HARGREAVE HALE AIM VCT PLC
LEI: 213800LRYA19A69SIT31
22 March 2024
Close of Offer to Further
Applications
On 7 September 2023, Hargreave Hale AIM VCT plc
(the “Company”) launched an offer for subscription
to raise up to £20 million, with the discretion to utilise an
over-allotment facility to raise up to a further £20 million (the
“Offer"). Full details of the Offer are contained
in a prospectus (the “Prospectus"), which was
published by the Company on 7 September 2023 and supplemented by a
supplementary prospectus published on 8 January 2024 (the
"Supplementary Prospectus").
The Board is now pleased to announce that the
Company has received valid applications under the Offer of
approximately £20 million in aggregate.
Under the terms of the Offer, as set out in the
Prospectus, the Board have the discretion to utilise the
Over-allotment Facility to raise a further £20 million under the
Offer. The Board has decided to utilise the Over-allotment Facility
only to the extent that valid applications under the Offer (over
and above the £20 million already raised) are received before 5pm
on 22 March 2024, being the closing date for receiving valid
applications for the 2023/2024 tax year.
For the avoidance of doubt, the Board announces
that as of 5pm on 22 March 2024 the Offer is closed to further
applications.
Terms used in this announcement have the same
meaning as defined in the Prospectus.
For further information please contact:
Oliver Bedford, Canaccord Genuity Asset
Management
Tel: 020 7523 4837
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
Prospectus in its final form, published on 7 September 2023 as
supplemented by the Supplementary Prospectus published on 8 January
2024 by the Company in connection with the Offer. A copy of the
Prospectus and 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 Prospectus and Supplementary Prospectus by the FCA should not
be understood as an endorsement of the securities that are the
subject thereof. Potential investors are recommended to read the
Prospectus and 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.
Hargreave Hale Aim Vct (LSE:HHV)
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