Hargreave Hale AIM 1 Hargreave Hale Aim Vct 1 Plc : Offer Update - Use Of Over-Allotment Facility

 
TIDMHHV 
 
 
   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 [phone] 
 
   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 1 plc via Globenewswire 
 
 
  https://hargreaveaimvcts.co.uk/ 
 

(END) Dow Jones Newswires

March 09, 2017 05:16 ET (10:16 GMT)

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