Hargreave Hale AIM 1 Issue Of Equity

 
TIDMHHV 
 
   Hargreave Hale AIM VCT Plc 
 
   LEI: 213800LRYA19A69SIT31 
 
   (the "Company") 
 
   14 January 2021 
 
   Allotment of Shares 
 
   The Board announced on 2 September 2020 that the Company had published a 
prospectus in relation to an offer for subscription of ordinary shares 
of 1p each (the "Ordinary Shares"), to raise up to GBP20,000,000 (the 
"Offer"). The Board announced a   Supplementary Prospectus on 8 January 
2021. The Company has today allotted 5,880,827 Ordinary Shares pursuant 
to the Offer. 
 
   The offer price at which 5,880,696 Ordinary Shares were allotted was 
90.07p per Ordinary Share, which was calculated, in accordance with the 
terms of the Offer, by reference to the Ex-Dividend net asset value of 
an Ordinary Share in the Company on 8 January 2021 (as announced on 12 
January 2021, being the last published net asset value per Ordinary 
Share) divided by 0.965 (to allow for the costs of the Offer). 
 
   The Company also allotted 131 Ordinary Shares at an issue price of 
76.33p per Ordinary Share to correct a clerical error in the allotment 
that took place on 9 October 2020. The issue price of 76.33p is based on 
the prevailing Ex-dividend net asset value of an Ordinary Share as at 9 
October 2020, being 73.66p, divided by 0.965 (to allow for the costs of 
the Offer). 
 
   Following this allotment, the total number of Ordinary Shares in issue 
is 220,952,380 with each Ordinary Share carrying one vote each. 
Therefore, the total voting rights in the Company are 220,952,380. 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 20 January 2021. 
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: 
 
   Canaccord Genuity Wealth Limited 
 
   Company Secretary 
 
   Hargreave Hale AIM VCT plc 
 
   01481 733908 
 
 
 
 

(END) Dow Jones Newswires

January 14, 2021 11:47 ET (16:47 GMT)

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