Issue of Equity
15/02/2024 16:37
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15 February 2024
HARGREAVE HALE AIM VCT PLC
(the “Company”)
Allotment of Shares under DRIS
The Company has today allotted 1,100,783 Ordinary Shares pursuant to its
dividend re-investment scheme (“DRIS”) to Shareholders of the Company who
elected to receive Ordinary Shares instead of the final dividend of 1.50 pence
per Ordinary Share paid today.
The price at which the 1,100,783 Ordinary Shares were allotted was 44.58 pence
per Ordinary Share, which was calculated, in accordance with the terms and
conditions of the DRIS, on the basis of the last reported net asset value per
Ordinary Share in the Company as at 26 January 2024, which was announced on 30
January 2024.
Application for the new shares to be admitted to the Official List of the
Financial Conduct Authority and to trading on London Stock Exchange plc's main
market for listed securities has been made and dealings are expected to
commence on or around 21 February 2024.
As Persons Discharging Managerial Responsibility, the following directors of
the Company, and their Persons Closely Associated, (“PCA”) were allotted
shares at a price of 44.58 pence:
No. of Shares allotted Holding following Allotment % of Issued Share Capital Held
Justin Ward (PDMR) Mrs E Ward (PCA) 1,523 594 46,777 18,239 0.019%
Angela Henderson (PDMR) 277 8,500 0.002%
Oliver Bedford (PDMR) 5,425 275,167 0.08%
Further information regarding the DRIS can be found in the DRIS terms and
conditions and DRIS mandate form available on the Company's website at
https://www.hargreaveaimvcts.co.uk/document-library/.
As a result of the issue, the total number of Ordinary Shares in issue will be
346,335,326 with each Ordinary Share carrying one vote each. The Company does
not hold any Ordinary Shares in Treasury. Therefore, the total voting rights
in the Company will be 346,335,326. This figure may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the Disclosure
Guidance and Transparency Rules.
END
For further information, please contact:
JTC (UK) Limited Susan Fadil Uloma Adighibe HHV.CoSec@jtcgroup.com +44 203 893 1005 +44 203 832 3877
LEI: 213800LRYA19A69SIT31