Hargreave Hale AIM VCT PLC Completes Share Cancellation Process
Hargreave Hale AIM VCT PLC Executes Significant Share Buyback
In a recent strategic move, Hargreave Hale AIM VCT PLC has successfully acquired ordinary shares for cancellation. This action reflects the Company's commitment to enhancing shareholder value through efficient capital management.
Details of the Share Purchase
On a notable day, the Company purchased 890,233 ordinary shares at a price of 35.77 pence per share. This transaction has been aimed at consolidating the Company's shares and improving the overall share capital structure.
Impact on Share Capital
After the cancellation of the purchased shares, the number of remaining ordinary shares will stand at 366,120,845. Each ordinary share carries one voting right, thus maintaining transparency for shareholders.
Voting Rights Calculation
The total voting rights in the Company will now be 366,120,845. This number is crucial for shareholders as it serves as the denominator for calculations when determining if they need to notify the Company regarding their interest in the share capital under the Disclosure and Transparency Rules.
Company's Treasury Holdings
It is also important to note that the Company does not retain any ordinary shares in Treasury. This clear approach further highlights the transparency and straightforward nature of Hargreave Hale AIM VCT PLC's operations.
Communication and Contact Information
For any inquiries regarding this announcement or further information, shareholders are encouraged to reach out to JTC (UK) Limited. The team can be contacted via the provided email or through the phone numbers listed.
Frequently Asked Questions
What prompted Hargreave Hale AIM VCT PLC to buy back shares?
The share buyback was part of the Company's strategy to manage capital effectively and enhance shareholder returns.
How does the share cancellation affect voting rights?
The share cancellation reduces the total number of shares, and consequently, the total voting rights are adjusted to the new total remaining shares.
Are there any shares held in Treasury?
No, Hargreave Hale AIM VCT PLC does not hold any ordinary shares in Treasury, which contributes to a cleaner share capital structure.
What should shareholders do with the updated voting rights?
Shareholders should use the new total of voting rights when assessing their reporting obligations under the Disclosure and Transparency Rules.
Where can shareholders get more information?
Shareholders can contact JTC (UK) Limited for any inquiries or clarification regarding the share purchase and its implications.
About The Author
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