Hargreave Hale AIM 1 Announcement Of Intention To Utilise Over-Allotment Facility And Offer Update

 
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

HARGREAVE HALE AIM VCT PLC

LEI: 213800LRYA19A69SIT31

22 September 2021

Announcement of Intention to Utilise Over-Allotment Facility and Offer Update

On 2 September 2021, Hargreave Hale AIM VCT plc (the "Company") launched an offer for subscription to raise up to GBP20 million, together with an over-allotment facility of up to a further GBP20 million (the "Offer"). Full details of the Offer are contained in a prospectus (the "Prospectus"), which was published by the Company on 2 September 2021. On 21 September 2021, the Board announced the closure of the 'early bird' discount offer in respect of applications received under the Offer.

Under the terms and conditions of the Offer, as set out in the Prospectus, the directors of the Company have the ability (at their discretion), to utilise the Over-allotment Facility in order to raise further amounts under the Offer of up to GBP20 million.

The Company has received valid applications in excess of GBP17 million and, accordingly, the directors of the Company are pleased to announce that they intend to utilise the GBP20 million Over-allotment Facility.

Terms used in this announcement have the same meaning as defined in the Prospectus.

Copies of the Prospectus are available until the Offer closes from the Company's website at www.hargreaveaimvcts.co.uk and The National Storage Mechanism, https://data.fca.org.uk https://www.globenewswire.com/Tracker?data=jg_nLca1TTVz9LC3OawZ8nxaREWtqx54lxKCuJWywYZSATH_8ijPYmuvQ016MslbCNwwmfKaCoiCtfcRf4DFrvgNvolOD5OueME2gKTu3ef2x9pJJxK7ygPhRKzDYgZh /#/ https://www.globenewswire.com/Tracker?data=u7rEaNBTHxX4pBGylZr_yMT5-cLckJDYCaDtjOmbHoM4fZnOhlsITTUTSmOldUTX6KD7L61Jktj-yCHHKIC4Gqw04KZYmJczdxjfWa8CBbPBxFK3TIg9lQS9V35mGzj5 nsm https://www.globenewswire.com/Tracker?data=GAlSbuuptgDCM35Q8S2aeZOYUinnwNwJiL8QqMvJVAQXKvQr99L5jJ3QlH-Ws3R5jc_4aU1OanS8gJUVFTh4yoKNNYM38xBIiTxArdVw99boirdA5db0peWug00fM-p5 / https://www.globenewswire.com/Tracker?data=lFKNK3YNuimhstykMaB26xiFAamrABq8DQBgoI9rKh9Of8QXvy3ggGnwZa-Q8sEdNsIhOBTe9LVkQjaW56Q2zryI8V7Cqcw0B0BZNVf0YUs= nationalstoragemechanism https://www.globenewswire.com/Tracker?data=x22w1dUJAizzBnTpmNisEQcIsiasoGZMurI6PrMHR4_tXcP3_BNN8VPSzAHW2Jvd0B0APq0MPI3Nk9rxO8IB91pEACkbrbhKoS84_qMBgxU7G8khEky5ODQYUg3FUGeqs61Jfo-DxuObDN35mF3m-w== .

For further information please contact:

Oliver Bedford, Canaccord Genuity Fund Management

Tel: [phone]

(END) Dow Jones Newswires

September 22, 2021 12:27 ET (16:27 GMT)

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