Hargreave Hale AIM VCT PLC Makes Strategic Share Purchase

Hargreave Hale AIM VCT PLC Share Purchase Announcement
In a significant move, Hargreave Hale AIM VCT PLC has recently announced the acquisition of 201,225 ordinary shares as part of its strategy to enhance shareholder value. This transaction took place at a price of 33.31 pence per share, and the intention behind this purchase is to cancel the bought shares, thereby optimizing the overall capital structure of the company.
Impact on Total Shares and Voting Rights
The recent purchase means that after the cancellation, Hargreave Hale will have a total of 371,291,013 ordinary shares remaining in issue, each with a nominal value of 1p, and each share carries one vote. This definitive action signifies the company's commitment to maintaining robust governance and transparency.
It’s important to note that Hargreave Hale AIM VCT PLC does not hold any shares in Treasury, which contributes to the clarity around voting rights. This total of 371,291,013 shares will serve as the denominator shareholders will use to determine if they need to notify the company concerning their interest, pursuant to the Disclosure and Transparency Rules.
Shareholder Considerations
As shareholders reflect on their stake within Hargreave Hale AIM VCT PLC, they should be mindful of the implications arising from this purchase. The cancellation reduces the overall share count and may have favorable outcomes, such as possibly enhancing earnings per share over time, depending on the company’s financial performance. Shareholders can feel reassured knowing the active management of shares helps after the purchase and cancellation process.
Contact Information
For any inquiries related to this transaction or any other matters concerning Hargreave Hale AIM VCT PLC, interested parties can reach out directly to JTC (UK) Limited. The contact representatives are Uloma Adighibe and Alexandria Tivey, who are available via email at HHV.CoSec@jtcgroup.com or by phone at +44 203 832 3877, or +44 203 832 3891.
Additionally, the Legal Entity Identifier (LEI) for Hargreave Hale AIM VCT PLC is 213800LRYA19A69SIT31, which can be useful for compliance and regulatory purposes.
Frequently Asked Questions
What was the purpose of the share purchase by Hargreave Hale AIM VCT PLC?
The purchase was made for the cancellation of shares, aiming to optimize the company's capital structure and enhance shareholder value.
How many shares remain in issue after the transaction?
After the cancellation of the purchased shares, 371,291,013 ordinary shares will remain in issue, each with voting rights.
What does the total number of shares imply for shareholders?
This total is used as a denominator for calculating whether shareholders need to notify changes in their interests under the Disclosure and Transparency Rules.
Who can shareholders contact for more information?
Shareholders can contact JTC (UK) Limited, with representatives available to assist with any inquiries regarding the company.
What is the significance of the company's LEI?
The Legal Entity Identifier (LEI) of 213800LRYA19A69SIT31 is essential for regulatory compliance and identification in financial transactions.
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