Hargreave Hale AIM VCT's Recent Share Purchase Announcement
Hargreave Hale AIM VCT PLC Announces Share Purchase
In a significant move, Hargreave Hale AIM VCT plc has announced the purchase of 374,610 ordinary shares for cancellation. This strategic step reflects the Company’s commitment to optimizing shareholder value.
Details of the Transaction
The shares were acquired at a price of 38.68 pence each. Following this transaction, 364,603,238 ordinary shares of 1p each will remain in issue. Each of these shares carries one voting right, allowing shareholders a clear voice in Company's governance.
Impact on Voting Rights
With the current cancellation of shares, the total number of voting rights in the Company now stands at 364,603,238. This crucial information enables shareholders to accurately determine their obligations concerning the Disclosure and Transparency Rules.
Understanding the Importance of Share Purchases
Share purchases can often indicate a company's confidence in its own future. By reducing the number of shares in circulation, Hargreave Hale AIM VCT aims to increase the value for remaining shareholders and enhance their overall investment experience.
The Company's Stand on Treasury Shares
Hargreave Hale AIM VCT does not hold any ordinary shares in Treasury. This detail is significant as it underscores the Company's transparent approach towards its shareholders. What remains is a clear focus on ensuring the best interests of its stakeholders.
Creative Strategies for Shareholder Engagement
In today's competitive market, companies need to adopt innovative methods to engage with their investors. Hargreave Hale AIM VCT's share purchase announcement exemplifies a proactive approach to investor relations, which can cultivate a stronger relationship with the shareholder base.
Company Contact Information
For inquiries regarding this announcement, shareholders can reach out to JTC (UK) Limited. The contacts include:
Uloma Adighibe: +44 203 832 3877
Alexandria Tivey: +44 203 832 3891
Email: HHV.CoSec@jtcgroup.com
Frequently Asked Questions
Why did Hargreave Hale AIM VCT purchase shares?
The purchase was made to enhance shareholder value by reducing the number of shares in circulation.
What will be the new total of voting rights?
The total number of voting rights in the Company will be 364,603,238 after the share cancellation.
How does the share purchase impact existing shareholders?
The reduction in shares can potentially increase the value of remaining shares, benefiting existing shareholders.
Does the Company hold any shares in Treasury?
No, Hargreave Hale AIM VCT does not hold any ordinary shares in Treasury.
Who can shareholders contact for further information?
Shareholders can contact JTC (UK) Limited, with specific contact details provided in the announcement.
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