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LONDON - Hargreave Hale AIM VCT PLC has announced the allotment of 1,412,297 new Ordinary Shares at a price of 38.83 pence each, following its offer to raise up to £20 million, which was detailed in a prospectus published on October 9, 2024, and a supplementary prospectus on December 20, 2024. The net asset value per share, as of February 7, 2025, was used to calculate the offer price.
The new shares are expected to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)'s main market around February 21, 2025. Upon issuance, these shares will rank equally with the existing Ordinary Shares.
This equity issue will increase the total number of Ordinary Shares in the company to 369,801,259, each with one vote, setting the total voting rights in the company at the same number. Shareholders can use this figure as the denominator for calculating notifications of interest changes in the company's share capital, in accordance with the Disclosure Guidance and Transparency Rules.
The newly issued shares will be registered and eligible for electronic settlement through CREST upon Admission. Shareholders can expect to receive definitive title documents within 15 business days of allotment.
This financial move is part of Hargreave Hale VCT's efforts to expand its capital base, and the announcement is based on a press release statement from the company.
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