Recent Share Allotment Announcement for Hargreave Hale AIM VCT
Recent Share Allotment Announcement for Hargreave Hale AIM VCT
The Hargreave Hale AIM VCT PLC has made an exciting announcement about its ongoing efforts to raise capital through share allotments. This strategic move aims to enhance its investment capabilities and provide greater value to its stakeholders.
Details of the Share Allotment
On a notable date, the Board revealed that the Company had published a prospectus and a supplementary prospectus to pave the way for the issuance of new ordinary shares. This ambitious Offer aims to raise a total of £20,000,000 through the subscription of ordinary shares at a nominal value of 1p each.
New Ordinary Shares Allotted
As of the recent announcement, the Company has allotted 391,947 new ordinary shares as part of the Offer. This allotment is only conditional upon Admission, which ensures that the new shares will soon be available for trading.
Calculation of Allotment Price
The allotment price for these shares was set at 34.82 pence each. This price was determined based on the net asset value per share on a specific date, adjusted to account for the associated costs of the Offer.
Admission Process
Application will be made shortly for these new shares to be admitted to the premium segment of the Official List of the Financial Conduct Authority and for trading on the London Stock Exchange's premium segment. The Admission is anticipated to occur around a specific date in late April.
Impact on Total Ordinary Shares
With this new issuance of shares, the total number of ordinary shares will now stand at 372,843,202. Each of these shares carries one voting right, making the total voting rights equal to the number of ordinary shares issued.
Eligibility and Holding Options
These new ordinary shares are set to be issued in registered form and can be held in uncertificated form, allowing for easier trading and transferability. Shareholders can expect to receive definitive documents of title within a few weeks post-allotment.
Further Information and Assistance
For those interested in learning more about this significant share allotment announcement and its implications, Hargreave Hale AIM VCT PLC offers contact details for further assistance. Interested parties are encouraged to reach out to the Company's contact points provided through their official communication channels.
Frequently Asked Questions
What is the purpose of the share allotment?
The share allotment aims to raise funds to enhance Hargreave Hale AIM VCT's investment capabilities and provide greater returns to its shareholders.
How many new ordinary shares have been allotted?
A total of 391,947 new ordinary shares have been allotted as part of the recent Offer.
What is the allotment price for the new shares?
The new ordinary shares have been allotted at a price of 34.82 pence per share.
When is the expected admission date for the new shares?
Admission for the new shares is expected to occur around a specific date in late April.
How can investors get more information?
Investors can contact the Hargreave Hale AIM VCT PLC team for more information through the provided contact details in the announcement.
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