Exciting Developments at Hargreave Hale AIM VCT PLC
Hargreave Hale AIM VCT PLC has recently taken a significant step that impacts its shareholders positively through the allotment of shares under the Dividend Re-Investment Scheme (DRIS).
Understanding the Dividend Re-Investment Scheme (DRIS)
The company has successfully allotted a total of 2,905,659 ordinary shares as part of this initiative. Shareholders had the opportunity to elect to receive ordinary shares instead of the special dividend of 1.50 pence per ordinary share and the final dividend of 1.25 pence per ordinary share, which was distributed recently.
Price Determination Under DRIS
The allotment price for these shares was set at 37.54 pence per share. This figure was derived from the last reported ex-dividend net asset value as of a specific date, ensuring transparency and fairness in the process.
Expectations and Admission to Stock Exchange
Hargreave Hale has applied for the new shares to be listed officially on the Financial Conduct Authority's Official List and traded on the London Stock Exchange. The anticipated date for trading to commence is shortly, signifying an exciting time for the company and its stakeholders.
Details on Allottees
As part of the recent share allotment, key directors of Hargreave Hale were included. For instance, Justin Ward and his associate, Mrs. E Ward, received a combined total of shares that highlights their commitment to the company.
Significant Shareholdings
Justin Ward was allotted 3,628 shares, bringing his total holdings to 53,157, which constitutes 0.020% of the company’s issued share capital. Oliver Bedford received 21,343 shares, while his spouse, Mrs. C Bedford, also holds a notable share amount, contributing positively to the overall shareholder distribution.
Total Shares Issued
With the addition of the newly allotted shares, the total number of ordinary shares in circulation will rise to 368,388,962. Each share entitles the holder to one vote, ensuring that all voices are heard within the company.
Implications of Share Count
This change may be particularly significant for shareholders, as this number could be used as a denominator for determining the obligations they may have under the Disclosure Guidance and Transparency Rules. It represents a moment of progress and responsibility for all shareholders involved.
Conclusion and Further Contact Information
In conclusion, the recent share allotment by Hargreave Hale is a noteworthy development, reflecting not only the company's growth but also its dedication to providing investors with valuable options. For those seeking additional insights or assistance, JTC (UK) Limited provides comprehensive support.
For further inquiries, please reach out to:
JTC (UK) Limited
Uloma Adighibe
Alexandria Tivey
Email: HHV.CoSec@jtcgroup.com
Phone: +44 203 832 3877 | +44 203 832 3891
Frequently Asked Questions
What is the Dividend Re-Investment Scheme (DRIS)?
The DRIS allows shareholders to receive additional shares instead of cash dividends, enabling reinvestment in the company.
Who was allotted shares under the recent scheme?
Key directors like Justin Ward and Oliver Bedford were allotted shares, highlighting their engagement with the company.
What will be the total issued shares after this allotment?
After the allotment, the total number of ordinary shares will reach 368,388,962.
How does the allotment impact shareholders?
It offers them more shares, potentially increasing their stake and voting power within the company.
Where can I find more information about Hargreave Hale?
Visit their official website or contact JTC (UK) Limited for comprehensive updates and details.
