Hargreave Hale AIM VCT PLC Engages in Share Buyback for Growth

Author: Owen Jenkins Updated: 03-19-2025 01:15 PM

Hargreave Hale AIM VCT PLC Announces Share Buyback

Hargreave Hale AIM VCT PLC, commonly referred to as the Company, has recently made a significant move in its financial strategy by purchasing shares for cancellation. On a day in March, the Company acquired a total of 566,680 ordinary shares at a price of 33.52 pence per share. This action reflects the Company's ongoing commitment to manage its capital efficiently and enhance shareholder value.

Impact of the Share Cancellation

As a result of this buyback and subsequent cancellation of shares, the total number of ordinary shares in circulation will decrease. With this transaction, there will be 367,738,506 ordinary shares of 1 penny each remaining. Each of these shares retains one vote, which is important for maintaining governance within the Company.

Understanding Total Voting Rights

Following the conclusion of this buyback, the total voting rights within Hargreave Hale AIM VCT PLC will also see a reduction aligned with the number of shares in issue, leading to 367,738,506 total voting rights. This figure is essential as it provides shareholders with a denominator useful for calculating their interest in the company, especially concerning the Disclosure and Transparency Rules.

Future Implications and Shareholder Notifications

Shareholders of Hargreave Hale AIM VCT PLC will find this updated number beneficial when they assess their interests or any changes to their shares concerning the Company's capital. It is a crucial aspect as it guides them in knowing when to notify about their stakes or adjustments in their holdings.

Contact Information

For further inquiries or detailed discussions regarding the recent share buyback, shareholders and interested parties can reach out to:

JTC (UK) Limited
Uloma Adighibe
Alexandria Tivey
Email: HHV.CoSec@jtcgroup.com
Phone: +44 203 832 3877
Phone: +44 203 832 3891

Frequently Asked Questions

What led to the share buyback by Hargreave Hale AIM VCT PLC?

The buyback is part of the Company's strategic initiative to enhance shareholder value by efficiently managing its capital structure.

How many shares were purchased for cancellation?

The Company purchased a total of 566,680 ordinary shares for cancellation.

What will be the total number of ordinary shares remaining?

After the cancellation, there will be 367,738,506 ordinary shares remaining in issue.

How does this affect voting rights?

Voting rights will decrease in tandem with the reduction in ordinary shares, maintaining the balance of governance in the Company.

Where can I find more information about Hargreave Hale AIM VCT PLC?

For detailed inquiries and updates, you can contact JTC (UK) Limited, as provided in the contact section.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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