Correction on Share Purchase Announcement
There has been a clarification regarding a previous announcement from Hargreave Hale AIM VCT PLC concerning a recent transaction in their own shares. Initially made public with an incorrect headline, the announcement aims to ensure all shareholders are accurately informed about the company's activities.
Details of Share Purchase
On the specific date of the announcement, the company confirmed it had successfully purchased a total of 239,807 ordinary shares. Each share was acquired at a value of 38.28 pence. The strategic decision behind this purchase is part of the company’s ongoing commitment to managing its share capital effectively and maximizing shareholder value.
Outstanding Shares After Cancellation
Once the purchased shares are cancelled, Hargreave Hale AIM VCT will have a total of 363,123,076 ordinary shares remaining in circulation. Each of these shares comes with one voting right, which is crucial for maintaining the governance structure and shareholder engagement within the company.
Transparency and Voting Rights
This move to cancel shares is not only a strategic financial decision but also aligns with the company’s commitment to maintaining transparency. Shareholders can use the updated figure of 363,123,076 as a reference point for their calculations concerning any necessary disclosures of their shareholdings under the Disclosure and Transparency Rules.
Shareholder Considerations
As a shareholder of Hargreave Hale AIM VCT, it is important to stay informed about such transactions. The reduction in the number of shares outstanding can lead to an increase in the value per share, benefiting shareholders in the long run. This cancellation of shares reflects a proactive approach by the company to enhance shareholder returns.
No Treasury Shares Held
Another critical point to note is that Hargreave Hale AIM VCT does not maintain any ordinary shares in Treasury. This means that all purchased shares are fully cancelled rather than held for potential future sale, fostering a clear and straightforward ownership structure that benefits existing shareholders.
Contact Information
For any further queries or clarifications, shareholders can reach out to JTC (UK) Limited, which is managing the company's secretarial functions. Investors can contact Uloma Adighibe at +44 203 832 3877 or Alexandria Tivey at +44 203 832 3891 for assistance. Additionally, inquiries can be directed to their email for a prompt response.
Frequently Asked Questions
What was the purpose of the share purchase?
The recent share purchase was aimed at reducing the number of ordinary shares in circulation, which can enhance shareholder value.
How many shares remain after this purchase?
After the cancellation of the purchased shares, 363,123,076 ordinary shares will remain in issue.
Can shareholders use the number of outstanding shares for disclosures?
Yes, shareholders can utilize the total shares outstanding to determine their need for notifying changes in their shareholding under the relevant transparency rules.
Is Hargreave Hale AIM VCT holding any treasury shares?
No, the Company does not hold any ordinary shares in Treasury; all purchased shares are cancelled.
Who can I contact for more information?
Shareholders can contact JTC (UK) Limited for queries, reaching out to Uloma Adighibe or Alexandria Tivey at the provided phone numbers.
