Hargreave Hale AIM 1 Publication Of Prospectus

 
TIDMHHV 
 
 
   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR 
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE 
OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR 
THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION WHICH THE SAME COULD BE 
UNLAWFUL. 
 
   This announcement does not constitute an offer to sell, or the 
solicitation of an offer to subscribe for, or to buy shares in any 
jurisdiction. This announcement is an advertisement and not a 
prospectus. 
 
   HARGREAVE HALE AIM VCT PLC 
 
   LEI: 213800LRYA19A69SIT31 
 
   2 September 2020 
 
   Issue of a Prospectus and Related Party Transaction 
 
   Further to the announcement on 22 June 2020, the Board of Hargreave Hale 
AIM VCT plc (the "Company") is pleased to announce that the Company has 
today published a prospectus in relation to an offer for subscription 
under which the Company is seeking to raise up to GBP20 million, 
together with an over-allotment facility to raise up to a further GBP10 
million (the "Offer"). 
 
   As part of the Offer the Company has entered into an offer agreement 
with the Company's administrator, Canaccord Genuity Wealth Limited (the 
"Administrator") dated 2 September 2020 (the "Offer Agreement"). Under 
the Offer Agreement the Administrator has agreed to act as receiving 
agent to the Company in relation to the Offer and to use its reasonable 
endeavours to procure subscribers for shares in the Company. As 
consideration for the services to be provided under the Offer Agreement 
the Company shall pay the Administrator a fee of 3.5 per cent. of the 
gross proceeds of the Offer. 
 
   Out of this fee the Administrator shall pay all costs and expenses of 
and incidental to the Offer and the preparation of the Prospectus. The 
Investment Manager is a related party. As such, this transaction is a 
smaller related party transaction as defined in LR11.1.10R. 
 
   The Offer opened on 2 September 2020 and will close on 20 August 2021 
(unless fully subscribed by an earlier date or closed at the Directors' 
discretion). Persons intending to apply for ordinary shares under the 
Offer for the 2020/21 tax year should note that the deadline for such 
applications is 12.00 p.m. on 1 April 2021. 
 
   The Prospectus is available to download from the Company's website, 
https://www.globenewswire.com/Tracker?data=RakxlIS2ZgGuUHkDlF39-wy95zHear-hXRPwD-2EGS0Vux2iCJBw0Lds4BM-JSPVlnoFfMLmUes4cgKLx5OeHC9mHFVHM8zKtWgoOpq3KTd7lmPYPzZPaSVZ-uvPYcTO 
www.hargreaveaimvcts.co.uk. The Prospectus will also shortly be 
available for inspection at the National Storage Mechanism, 
https://www.globenewswire.com/Tracker?data=RpviSasGeAbHrBq7veyHB1TTwNTVIp5c0xUbFr_Q40iGnm68UjiPbE63HTK_mIpu9tIDxboJedeYfeqnC4tGX91y53OxqBqsMifD6dv13SDatlTF8f_D8Bc_uOeRvSj94xG2UjzfXB8mrIroPO90obD5I316l3dCscP-PZ3smPlXOnsJfFUzBF39muvvzIFc 
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
   For further information please contact: 
 
   Oliver Bedford, Canaccord Genuity Fund Management 
 
   Tel: [phone] 
 
   The information contained within this announcement is deemed by the 
Company to constitute inside information as stipulated under the Market 
Abuse Regulations (EU) No. 596/2014). Upon the publication of this 
announcement via Regulatory Information Service this inside information 
is now considered to be in the public domain. 
 
 
 
 

(END) Dow Jones Newswires

September 02, 2020 12:32 ET (16:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.