Hargreave Hale AIM 1 Hargreave Hale Aim Vct 1 Plc : Offer Update

 
TIDMHHV 
 
 
   Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc 
 
   18 September 2017 
 
   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. 
 
   On 9 March 2017 Hargreave Hale AIM VCT 1 plc announced that it had 
received applications in excess of GBP10 million and, accordingly, the 
directors of Hargreave Hale AIM VCT 1 plc announced that they intended 
to utilise the GBP5 million Over-Allotment Facility. On 15 March 2017 
Hargreave Hale AIM VCT 1 plc announced that the Company had received 
applications in excess of the GBP5 million Over-Allotment Facility and, 
therefore, the Offer for Hargreave Hale AIM VCT 1 plc was closed. 
 
   On 9 March 2017, the directors of Hargreave Hale AIM VCT 2 plc announced 
that the Hargreave Hale AIM VCT 2 plc Offer was fully allocated in 
respect of the GBP10 million initially sought and that it did not intend 
to use its Over-Allotment Facility in relation to the 2016/2017 tax 
year; they reserved the right to utilise the Over-Allotment Facility in 
relation to the Offer in the 2017/2018 tax year.  The directors of 
Hargreave Hale AIM VCT 2 plc are now pleased to announce their intention 
to utilise the Over-Allotment Facility and increase the size to GBP7.5 
million.  A supplementary prospectus will be issued shortly. 
 
   The directors of Hargreave Hale AIM VCT 1 plc will confirm their 
fundraising strategy shortly which, in addition to raising further 
capital for its existing investment strategy, may also include the 
creation of a new class of share to facilitate further investment into 
private companies. A further announcement will be issued in due course. 
 
   For further information please contact: 
 
   Stuart Brookes 
 
   Company Secretary - Hargreave Hale AIM VCT 1 and 2 Plc 
 
   Tel [phone] 
 
   [e-mail] 
 
   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

September 18, 2017 04:29 ET (08:29 GMT)

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