Amati VCT PLC Offer for subscription (7162D)

TIDMATI

RNS Number : 7162D

Amati VCT PLC

28 October 2015

 
Amati VCT plc 
 28 October 2015 
 Offer for Subscription 
 The Directors of Amati VCT plc (the "Company") are pleased to announce that, together with 
 Amati VCT 2 plc, it has today published a top up offer document (the "Offer Document") in 
 connection with proposals to raise up to approximately GBP3.5m for each Company, or GBP7 million 
 in aggregate, through offers for subscription of new ordinary shares (the "Offers"). 
 The Offers open on Wednesday 28 October 2015 and are expected to close at noon on Wednesday 
 30 March 2016 in respect of the 2015/2016 tax year and at noon on Friday 15 July 2016 in respect 
 of the 2016/2017 tax year (or on an earlier date in each tax year if the maximum subscription 
 is received). The Offers will be managed in accordance with the limits applicable to non-prospectus 
 share offers and applications will be accepted on a first come, first served basis, subject 
 to the discretion of the Directors. 
 The new ordinary shares will be issued at a price determined in accordance with a formula 
 to allow for issue costs (as set out in the Offer Document) and based on the last published 
 net asset value per share ("NAV per Share") of the Company prior to the date of issue. The 
 NAV per Share will be divided by 0.99 to determine the issue price for applications from existing 
 shareholders and shares issued in respect of applications received through authorised financial 
 intermediaries, which allows for issue costs of 1%. For other applications the NAV per Share 
 will be divided by 0.97 to determine the issue price, which allows for issue costs of 3%. 
 Upon issue the new ordinary shares will be admitted to the Official List of the UKLA and to 
 trading on the main market of the London Stock Exchange. 
 The Offer Document can be downloaded from www.amatiglobal.com and will also be submitted to 
 the National Storage Mechanism for viewing online at www.morningstar.co.uk/uk/NSM. 
 For further information please contact Rachel Le Derf on 0131 503 9104 or email 
 [e-mail]. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFVLFLEBFEFBV

(END) Dow Jones Newswires

October 28, 2015 08:01 ET (12:01 GMT)