Amati VCT PLC Issue of Equity (0836X)

TIDMATI

RNS Number : 0836X

Amati VCT PLC

21 November 2017

Amati VCT plc (the "Company")

Legal Entity Identifier: 213800JHPMJWKLKEUU24

Offer for Subscription of New Ordinary Shares (the "Offer")

Amati VCT plc announces an allotment on 20 November 2017 of 1,766,533 New Ordinary Shares pursuant to the Offer. In accordance with the Terms and Conditions of the Offer, the Offer Price at which new ordinary shares were allotted, which was calculated by reference to the net asset value of an ordinary share on 16 November 2017 and with the underlying securities valued at the mid-price of the closing bid and ask prices of the London Market Maker price feed ("Adjusted Net Asset Value"), was 96.24p per ordinary share (Adjusted Net Asset Value divided by 0.99 to allow for issue costs of 1.0%).

Following the allotment above, the total number of Ordinary Shares in issue is 61,838,968 with each Ordinary Share carrying one voting right. That figure may be used by shareholders as the denominator for the calculation to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Applications have been made for the New Ordinary Shares to be admitted to the Official List (with a Premium Listing) and to the London Stock Exchange for admission to trading on the Main Market. It is expected that admission will occur and dealing will commence in the New Ordinary Shares to be issued pursuant to the offer at 8.00 a.m. on or around 22 November 2017. CREST accounts are expected to be credited within five business days of allotment and definitive documents of title are expected to be dispatched within ten business days of allotment.

Terms defined in the joint prospectus published by the Company on 27 October 2017 have the same meanings in this announcement unless the context requires otherwise.

For further information please contact Doreen Nic on 0131 510 7465 or email [e-mail].

This information is provided by RNS

The company news service from the London Stock Exchange

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November 21, 2017 03:37 ET (08:37 GMT)