Stifel bumps Nvidia stock target, sees attractive valuation
LONDON - Hargreave Hale AIM VCT PLC announced Thursday it has allotted 317,799 new ordinary shares at a price of 36.11 pence per share as part of its ongoing offer to raise up to £20 million.
The allotment is conditional only on admission to trading, which is expected to occur around August 26, according to a company press release.
The offer price was calculated by reference to the net asset value per ordinary share as of August 15, 2025, divided by 0.965 to account for offer costs. The company had announced this net asset value on August 19.
The venture capital trust first announced the fundraising on October 9, 2024, when it published a prospectus, followed by a supplementary prospectus on December 20, 2024.
Following the issuance, the total number of ordinary shares in the company will increase to 372,677,469, with each share carrying one vote. This figure serves as the denominator for shareholders’ calculations regarding disclosure requirements under the Disclosure Guidance and Transparency Rules.
The new shares will rank equally with existing ordinary shares and will be eligible for settlement through CREST upon admission. Definitive documents of title are expected to be dispatched within 15 business days of allotment.
The shares will be admitted to the closed-ended investment funds category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market.
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