Hargreave Hale AIM VCT PLC's Share Allotment Explained
Hargreave Hale AIM VCT PLC: Overview of Recent Share Allotment
In a significant step for Hargreave Hale AIM VCT PLC, the Company has successfully allotted new ordinary shares as part of its ongoing investment strategy. This move indicates the Company’s commitment to enhancing shareholder value and expanding its capital base.
Details of the Share Allotment
The Board of Hargreave Hale AIM VCT PLC announced an exciting development in October, revealing the publication of a comprehensive prospectus aimed at facilitating an offer for subscription. This offer allows for the issuance of ordinary shares, with goals of raising up to £20 million.
The allotment of 95,512 new ordinary shares took place as part of this initiative. Priced at 37.01 pence each, this valuation was thoughtfully calculated based on the recent net asset value prior to this announcement. Such strategic pricing ensures that the Company is effectively balancing investor interests and capital requirements.
Upcoming Trading and Admission
The new shares will be submitted for admission to the Official List of the Financial Conduct Authority and are expected to commence trading on the London Stock Exchange shortly. This process enhances liquidity and opens new avenues for potential investors eager to engage with Hargreave Hale AIM VCT PLC.
Impact on Shareholder Rights and Total Shares
With the new issue, the total number of ordinary shares in circulation will reach 371,982,460. Each share retains voting rights, giving shareholders a vital role in the Company's future direction. Knowing this number is crucial for existing and prospective shareholders as they assess their rights and any necessary disclosures under the regulatory framework.
Understanding Shareholder Disclosure Requirements
Post allotment, it is important for shareholders to be aware of their disclosure obligations. The total share count serves as a critical denominator for any calculations regarding the need to notify changes in their ownership stakes. This transparency is key in fostering trust and engagement between the Company and its investors.
Next Steps for New Shares
Shareholders can expect to receive new definitive documents of title within 15 business days following this allotment. Furthermore, the shares can be held in uncertificated form, offering flexibility in managing their investments.
With trading expected to commence soon, the response from the market and investors alike will signify their confidence in the Company’s growth trajectory and operational strategies.
Company Contact Information
For those seeking further information about the share allotment or any other inquiries, Hargreave Hale AIM VCT PLC has a dedicated contact team. You may reach out to JTC (UK) Limited via email or phone for answers to your queries:
Contacts:
Uloma Adighibe
Alexandria Tivey
Email: HHV.CoSec@jtcgroup.com
Phone: +44 203 832 3877 / +44 203 832 3891
Frequently Asked Questions
What is the recent share allotment by Hargreave Hale AIM VCT PLC?
The Company has allotted 95,512 new ordinary shares as part of a funding strategy to raise capital.
How much is the offer price for the new shares?
The shares were priced at 37.01 pence each based on the company's net asset value.
When will the new shares commence trading?
Trading for the new shares is expected to start around 13 June 2025.
How many total ordinary shares will be in issue after the allotment?
The total number of ordinary shares will increase to 371,982,460.
Who can I contact for more information?
Inquiries can be directed to JTC (UK) Limited via the provided email and phone numbers.
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