Hargreave Hale AIM 1 Hargreave Hale Aim Vct 1 Plc : Issue Of Equity

 
TIDMHHV 
 
   Hargreave Hale AIM VCT 1 Plc 
 
   (the "Company") 
 
   7 June 2018 
 
   Allotment of Shares 
 
   Further to an offer for subscription of ordinary shares of 1p each in 
Hargreave Hale AIM VCT 1 plc to raise up to GBP20,000,000 pursuant to a 
prospectus dated 12 February 2018 (" Prospectus "), the Company 
announces an allotment on 7 June 2018 of 3,603,615 Ordinary Shares in 
the Company pursuant to the Offer. 
 
   The offer price at which the Ordinary Shares were allotted was 89.20p 
per Ordinary Share, which was calculated, in accordance with the 
Prospectus, by reference to the net asset value of an Ordinary Share in 
the Company on 31 May 2018 (as announced on 4 June 2018, being the last 
published net asset value per Ordinary Share) divided by 0.965 (to allow 
for issue costs of the Offer). 
 
   Following this allotment, the total number of Ordinary Shares in issue 
is 174,381,817. This figure may be used by shareholders in the Company 
as the denominator for the calculations by which they will determine if 
they are required to notify their interest in, or a change to their 
interest in, the share capital of the Company under the Disclosure and 
Transparency Rules. 
 
   Application will shortly be made for the Ordinary Shares so allotted to 
be admitted to the Official List of the UK Listing Authority and to 
trading on the London Stock Exchange's main market for listed securities, 
and dealings are expected to commence on or around the 12 June 2018. 
Definitive documents of title are expected to be despatched within 15 
business days of allotment. 
 
   Terms defined in the Prospectus have the same meaning where used in this 
announcement 
 
   For further information please contact: 
 
   Stuart Brookes 
 
   Company Secretary - Hargreave Hale AIM VCT 1 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

June 07, 2018 12:09 ET (16:09 GMT)

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