Hargreave Hale AIM VCT PLC Announces New Share Allotment

Author: Henry Turner Updated: 02-14-2025 08:21 AM

Hargreave Hale AIM VCT PLC Share Allotment Details

The latest announcement from Hargreave Hale AIM VCT PLC has created considerable interest among investors and market watchers. Recently, the Company revealed that it successfully allotted new shares, making strides toward enhancing its capital position.

Announcement of New Shares

After publishing a prospectus, the Company offered a subscription for ordinary shares with a goal to raise a substantial £20,000,000. As part of this effort, 1,412,297 ordinary shares were allotted. The offer price for each share was set at 38.83 pence. This price was derived by assessing the last publicly announced asset value of ordinary shares.

Understanding the Allotment Process

Applications are currently being made for these newly allotted shares to be officially admitted to the premium segment of the Official List of the Financial Conduct Authority. Trading on London Stock Exchange’s main market is expected to begin shortly after. This process assures shareholders of increased participation in the Company.

Implications of the New Shares

With the introduction of the new shares, Hargreave Hale AIM VCT PLC will now have a total of 369,801,259 ordinary shares. Each share continues to hold one vote, reinforcing the voting power held by existing shareholders. This transformation in share structure is significant for those monitoring their investments.

Registered Form of Shares

Notably, the newly issued shares will be available in registered form. This enables the option for shareholders to hold their shares in electronic format through CREST. Shareholders can expect definitive documents to be dispatched shortly after allotment, solidifying their ownership.

Importance of Transparency

For investors and stakeholders, understanding the context of these announcements is essential. The terms used in the prospectus remain relevant in all related communications. The details shared are crucial for potential investors to evaluate the benefits that may accompany their investment decisions.

Contact Information

For inquiries regarding this share allotment, stakeholders are encouraged to reach out to the JTC (UK) Limited contact team. They are available via email and phone.

Frequently Asked Questions

What is the main purpose of the share allotment?

The share allotment aims to raise capital to facilitate the Company's growth and enhance shareholder value.

How many new shares were issued?

A total of 1,412,297 new ordinary shares were allotted as part of this process.

What will be the price of the new shares?

The new shares were priced at 38.83 pence each, calculated based on previous net asset values.

When will trading for the new shares begin?

Trading for the new shares is expected to commence around 21 February 2025.

Who can I contact for more information?

For any questions, you can contact JTC (UK) Limited's team via the provided email or phone numbers.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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