Hargreave Hale AIM VCT PLC Announces Share Purchase for Cancellation
Share Purchase Announcement by Hargreave Hale AIM VCT PLC
Hargreave Hale AIM VCT PLC has made an important announcement regarding its share capital management. On a recent day in October, this innovative company purchased a significant number of ordinary shares, demonstrating its proactive approach to maintaining an optimal capital structure.
Understanding the Transaction
The Company acquired 362,099 ordinary shares at a price of 34.64 pence each. This strategic move is aimed at cancellation, which suggests a focus on enhancing shareholder value. Following this transaction, the total number of ordinary shares outstanding will be 370,016,328, ensuring each share carries one vote.
Impact on Voting Rights
As a result of the share cancellation, the total voting rights in the Company will now stand at 370,016,328. This situation is crucial for existing shareholders, as it determines their rights and potential influence in company matters.
Transparency and Disclosure
The management of Hargreave Hale AIM VCT PLC emphasizes the importance of transparency. This figure will serve as the basis for shareholders, helping them calculate whether they need to notify any changes in their interest in the share capital according to the Disclosure and Transparency Rules.
Company Contact Information
For further inquiries regarding this transaction or any other matters, shareholders and interested parties may contact Canaccord Genuity Asset Management Limited, where Abbe Martineau is ready to assist. The contact email is available for easy communication, and the office can be reached via telephone for immediate assistance.
Frequently Asked Questions
What is the purpose of share cancellation at Hargreave Hale AIM VCT PLC?
Share cancellation helps the company manage its capital effectively, often enhancing shareholder value and reducing the number of shares in circulation.
How many shares did Hargreave Hale AIM VCT PLC purchase?
The company purchased 362,099 ordinary shares for cancellation.
What will be the total number of ordinary shares after the cancellation?
After cancellation, there will be 370,016,328 ordinary shares remaining in issue.
How does this affect shareholder voting rights?
This cancellation process ensures that each remaining share carries one vote, thus maintaining the integrity of voting rights among shareholders.
Where can I find more information about Hargreave Hale AIM VCT PLC?
For more details, shareholders can contact Canaccord Genuity Asset Management, or refer to the company's official communications for updates.
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