NOT FOR DISTRIBUTION, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR TO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY EEA MEMBER STATE (OTHER THAN ANY MEMBER STATE OF EEA WHERE THE COMPANY’S SECURITIES MAY BE LEGALLY COMMERCIAL), OR ANY OTHER JURISDICTION WHERE IT IS ILLEGAL TO DISTRIBUTE THIS AD. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF AN OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENT IN ANY JURISDICTION.
25 November 2021
HARGREAVE HALE AIM VCT PLC
Allocation of shares
The Board announced on September 2, 2021 that the Company had published a prospectus (the “Prospectus”) relating to an offer to subscribe to ordinary shares of 1p each (the “Ordinary Shares”), to raise up to 20,000,000 £, as well as an over-allotment facility to raise up to an additional £ 20,000,000 (the “Offer”). On November 25, 2021, the Company allocated 438,266 additional new Ordinary Shares under the Offer conditional on Admission only (the schedule for which is detailed below).
The offering price at which the 438,266 new Ordinary Shares were allotted was 99.55 pence per Ordinary Share, which was calculated, in accordance with the terms of the Offering, by reference to the net asset value of a Ordinary Share on November 19, 2021 (as announced on November 23, 2021, i.e. the last net asset value published per Ordinary Share) divided by 0.965 (to take into account the costs of the Offer).
An application will shortly be filed for the 438,266 new ordinary shares to be admitted to the premium segment of the official list of the Financial Conduct Authority and to trading on the premium segment of the main market of London Stock Exchange plc for listed securities (“AdmissionIt is expected that the Admission will take place and that trading will begin in the new Ordinary Shares on or around December 1, 2021. Once issued, the new Ordinary Shares will rank bet passu with the existing Ordinary Shares.
Following the issuance, the total number of Ordinary Shares outstanding will be 268,731,015, each Ordinary Share carrying the right to one vote each. Therefore, the total voting rights in the Company will be 268,731,015. This figure can be used by the shareholders of the Company as the denominator for the calculations by which they will determine whether they are required to notify their interest or a modification. their interest in the Company’s share capital under the Disclosure Directives and Transparency Rules.
The new Ordinary Shares will be issued in registered form and may be held in dematerialized form. Final title deeds should be dispatched within 15 business days of grant. The new Ordinary Shares will be eligible for settlement by CREST as of Admission.
Unless the context indicates otherwise, terms defined in the Prospectus have the same meaning when used in this press release.
For more information, please contact:
|JTC (UK) Limited
+44 203 893 1005
+44 203 893 1011
This advertisement is an advertisement for the purposes of the prospectus regulation rules of the Financial Conduct Authority (“FCA”) of the United Kingdom and is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, an offer to sell or subscribe, or a solicitation of any offer to subscribe or acquire, of ordinary shares of Hargreave Hale AIM VCT plc (the “Company”) in any jurisdiction, including Australia, Canada, Japan, the Republic of South Africa, the United States or any member state of the EEA (other than any member state of the EEA where the Company’s securities may be legally marketed). Investors must not subscribe or purchase ordinary shares referred to in this press release, except on the basis of the information contained in the Prospectus in connection with the proposed admission new ordinary shares at the premium segment of the official FCA listing and trading in London. Main market of Stock Exchange plc for listed securities. A copy of the Prospectus is available for inspection, subject to certain conditions. access restrictions at the Company’s registered office for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company’s Website (www .hargreaveaimvcts.co.uk). The approval of the Prospectus by the FCA should not be understood as an approval of the securities covered by the Prospectus. Potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with a decision to invest in the securities of the Company.
The distribution of this advertisement may be restricted by law in certain jurisdictions and persons in possession of any documents or other information mentioned herein should inform themselves and observe such restriction. Any breach of these restrictions may constitute a violation of the securities laws of such jurisdiction. This announcement does not constitute, and may not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for securities of the Company in any jurisdiction where such an offer or solicitation is illegal or would require registration. unfilled. , qualification, publication or approval requirements of the Company or of Dickson Minto WS The offer and sale of securities of the Company have not been and will not be registered under applicable securities laws of Australia, Canada, Japan or the Republic of South Africa or the United States. Subject to certain exemptions, the securities of the Company may not be offered or sold in Australia, Canada, Japan, the Republic of South Africa or the United States or any member state of the EEA or any national, resident or citizen of Australia, Canada, Japan, the Republic of South Africa or the United States.
This advertisement is not intended for publication or distribution, directly or indirectly, in the United States of America. This announcement does not constitute an offer to sell securities in the United States. The securities of the Company have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to any national, resident or citizen of the United States. United. No public offering of securities is made in the United States. In addition, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended.
This announcement does not constitute a recommendation concerning the Company or the Offer. The price and value of securities and any income from them may go down as well as up. Past performance is no guarantee of future performance and potential investors may not receive any feedback from the Company. Before purchasing securities of the Company, persons who consult this announcement must ensure that they fully understand and accept the risks set out in the Prospectus. The information contained in this announcement or in any of the documents relating to the Company or the Offer cannot be considered as a guide to future performance. Potential investors should consult a professional advisor as to the suitability of the Offer for them.
Dickson Minto WS, which is authorized and regulated by the Financial Conduct Authority, acts solely for the Company in connection with the matters described in this announcement and does not act for or advise any other person, or treat any other person as its customer in this regard and shall not be responsible for providing the regulatory protection offered to customers of Dickson Minto WS or advice to any other person with respect to the matters contained herein.
Neither Dickson Minto WS Company, nor any of their respective parent companies or subsidiaries, nor any subsidiary companies of such parent companies, nor any of the respective directors, officers, employees, agents, affiliates or advisers of such person (“their affiliates respective “) accepts (except as required by law) any liability or obligation whatsoever for / or makes any representation or warranty, express or implied, as to this announcement, including the truthfulness, accuracy or ” completeness of the information contained in this advertisement (or if any information has been omitted in the advertisement) or any other information relating to the Company, whether written, oral or in visual or electronic form, and in any manner whatsoever be transmitted or made available or for any loss in any way resulting from any use of this advertisement or its content or arising in any other way.