Hargreave Hale AIM 2 Hargreave Hale Aim Vct 2 Plc : Offer Update
March 09 2017 - 5:15AM
UK Regulatory
TIDMHHVT
Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc
Announcement of Intention to Utilise Over-Allotment Facility and Offer
Update
On 14 December 2016, Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM
VCT 2 plc (together "the Companies") launched an offer for subscription
of ordinary shares of 1p each to raise in aggregate up to GBP20 million
("the Offers" and each an "Offer"). Full details of the Offers are
contained in a prospectus ("the Prospectus"), which was published by the
Companies on 14 December 2016.
Under the terms and conditions of the Offers, as set out in the
Prospectus, the directors of the Companies have the ability (at their
discretion), if the Offers are oversubscribed, to increase the number of
Shares available for subscription under the Offers to raise further
amounts under the Offers of up to GBP5 million in each Company.
Hargreave Hale AIM VCT 1 plc has received applications in excess of
GBP10.0m million and accordingly the directors of Hargreave Hale AIM VCT
1 plc are pleased to announce that they intend to utilise its GBP5.0
million Over-Allotment Facility.
Hargreave Hale AIM VCT 2 plc has received applications in excess of GBP9
million and its directors intend to close its offer for subscription to
further applications in respect of the 2016/2017 tax year only when the
Company has received valid applications in respect of the GBP10 million
initially sought. The board of Hargreave Hale AIM VCT 2 plc does not
intend to use its Over-Allotment Facility in relation to the current
2016/2017 tax year but reserves the right to utilise the Over-Allotment
Facility in relation to the Offer in the 2017/2018 tax year. The
Over-Allotment Facility will not be made available before the start of
the 2017/2018 tax year. The board of Hargreave Hale AIM VCT 2 plc will
update the market in due course.
The Prospectus, as well as the Offer application form, is available
until the Offer closes from:
Hargreave Hale Ltd - Talisman House - Boardmans Way - Blackpool - FY4
5FY
The Company's website at http://www.hargreaveaimvcts.co.uk
The National Storage Mechanism, which is located at
http://www.morningstar.co.uk/uk/NSM
For further information please contact:
Stuart Brookes
Company Secretary - Hargreave Hale AIM VCT 1 and 2 Plc
Tel 01253 754740
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Hargreave Hale AIM VCT 2 plc via Globenewswire
https://hargreaveaimvcts.co.uk/
(END) Dow Jones Newswires
March 09, 2017 05:15 ET (10:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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