LONDON - Hargreave Hale AIM VCT PLC, the investment company, has completed the allotment of 1,034,640 new ordinary shares on Thursday, as part of its recent offer to raise up to £20 million. The shares were priced at 39.02 pence each, based on the net asset value announced on Tuesday.
This issue of equity comes following the company's prospectus published on October 9, 2024, and a supplementary prospectus released on December 20, 2024. The newly issued shares will be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the premium segment of the London Stock Exchange (LON:LSEG)'s main market. Trading is expected to commence on or around January 21, 2025.
When issued, the new ordinary shares will rank equal to the existing ordinary shares. The total number of ordinary shares in issue will increase to 367,155,485, with corresponding voting rights. This figure serves as a reference for shareholders to determine any necessary notifications of changes in their shareholding as per the Disclosure Guidance and Transparency Rules.
Shareholders can expect definitive documents of title within 15 business days of allotment. The new shares will also be eligible for settlement through CREST from the date of admission.
This move is part of the company's efforts to expand its capital base and is based on a press release statement. The information is presented without endorsement of the claims and without speculation on the potential impact on the company's market position.
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