Significant Share Allotment Announced for Strategic Growth
Hargreave Hale AIM VCT PLC Announces Share Allotment
In an important development, Hargreave Hale AIM VCT PLC (the "Company") has disclosed the allotment of 1,474,949 Ordinary Shares through its Dividend Reinvestment Scheme (DRIS). This initiative was made available to shareholders who opted for shares instead of receiving cash dividends, specifically the interim dividend of 0.75 pence and a special dividend of 0.50 pence per share.
Details of the Allotment
Each Ordinary Share from the recent allotment was priced at 35.06 pence, determined based on the last reported ex-dividend net asset value per share as of July 11. Announcements regarding these important values were communicated on July 14. This process is designed to ensure shareholders stay informed and engaged with the growth strategy of the Company.
Market Participation
Application to admit the newly allotted shares to the Official List of the Financial Conduct Authority has been made with expectations for trading to start shortly, around August 1. This marks a significant milestone, increasing shareholder participation and further integrating shares into the trading marketplace.
Management Accountability
The Company recognizes the importance of transparency and accountability in its shares' distribution. Hence, prominent individuals within the management have received allocations including:
Key Individuals and Their Allocations
- Justin Ward (PDMR) - 1,895 shares allotted, holding a total of 55,052 shares, amounting to 0.02% of the issued share capital.
- Elizabeth Ward (PCA) - 739 shares allotted, holding a total of 21,466 shares.
Outlook Post Allocation
With this allotment, the overall issued Ordinary Shares have increased to 372,633,288. This also signifies that shareholders now hold voting rights corresponding to this total share count, emphasizing the importance of each shareholder's voice within the Company.
Further Information Available
Subscribers and interested parties can access additional details regarding the DRIS by visiting the Company’s website. The DRIS Mandate, which outlines procedures and conditions, is available for download as well.
Contact Information
For any inquiries or further clarification on the recent developments, please reach out to:
Canaccord Genuity Asset Management Limited
Contact Person: Abbe Martineau
Oliver Bedford
Email: aimvct@canaccord.com
Phone: +44 207 523 4525
Frequently Asked Questions
What is the DRIS?
The Dividend Reinvestment Scheme allows shareholders to receive additional shares instead of cash dividends, thus increasing their investment in the Company.
Who received shares in this allotment?
Justin Ward and Elizabeth Ward, associated with the Company, received shares in this recent allotment.
What is the price per share in this allotment?
The shares were allotted at 35.06 pence each based on the last reported asset value before the dividends were declared.
When will trading commence for the new shares?
Trading for the newly allotted shares is expected to commence around August 1.
Where can I find more information about the Company?
Further information and details regarding the DRIS can be accessed on the Company's official website.
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