Offer Update – Extension of Early Bird Discount Period
09/12/2024 09:47
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REPUBLIC OF SOUTH AFRICA.
HARGREAVE HALE AIM VCT PLC
LEI: 213800LRYA19A69SIT31
9 December 2024
Offer Update – Extension of Early Bird Discount Period
On 9 October 2024, Hargreave Hale AIM VCT plc (the “Company”) launched an
offer for subscription to raise up to £20 million (the “Offer"). Full
details of the Offer are contained in a prospectus (the “Prospectus"), which
is available on the Company's website (www.hargreaveaimvcts.co.uk).
As part of the Offer, Canaccord Genuity Asset Management Limited is offering
an early bird discount of up to 2 per cent. on the initial fee, subject to a
maximum aggregate subscription under the early bird offer of £10 million. The
2 per cent. discount (to the standard 3.5 per cent. initial fee) will only
apply to applications which do not trigger the payment of introductory
commission to a Financial Intermediary. In such cases, the available discount
will fall to 1 per cent. Discounts are paid through the allotment of
additional Offer Shares to the Investor.
The Board has decided to extend the deadline for the early bird offer to 5.00
p.m. on Friday, 20 December 2024, subject to the maximum aggregate
subscription reaching £10 million before that point.
For further information please contact:
Oliver Bedford, Canaccord Genuity Asset Management Limited
Tel: 020 7523 4837
Important Information
This announcement is an advertisement for the purposes of the Prospectus
Regulation Rules of the UK Financial Conduct Authority ("FCA") and is not a
prospectus. This announcement does not constitute or form part of, and should
not be construed as, an offer for sale or subscription of, or solicitation of
any offer to subscribe for or to acquire, any ordinary shares in the Company
in any jurisdiction, including in or into 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
lawfully marketed). Investors should not subscribe for or purchase any
ordinary shares referred to in this announcement except on the basis of
information in the Prospectus in its final form, published on 9 October 2024
by the Company in connection with the Offer and the proposed admission of new
ordinary shares to the Official List of the FCA and to trading on London Stock
Exchange plc's main market for listed securities. A copy of the Prospectus is
available for inspection, subject to certain access restrictions, from the
Company's registered office, for viewing at the National Storage Mechanism at
https://data.fca.org.uk
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and on the Company's website (www.hargreaveaimvcts.co.uk). Approval of the
Prospectus by the FCA should not be understood as an endorsement of the
securities that are the subject of 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 Company's securities.
The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute, and may not be construed as, an offer
to sell, or the solicitation of an offer to acquire or subscribe for,
securities of the Company in any jurisdiction where such offer or solicitation
is unlawful or would impose any unfulfilled registration, qualification,
publication or approval requirements on the Company or Howard Kennedy
Corporate Services LLP. The offer and sale of securities of the Company has
not been and will not be registered under the applicable securities laws of
Australia, Canada, Japan, the Republic of South Africa or the United States.
Subject to certain exemptions, the securities of the Company may not be
offered to or sold within Australia, Canada, Japan, the Republic of South
Africa, the United States or any member state of the EEA or to any national,
resident or citizen of Australia, Canada, Japan, the Republic of South Africa,
the United States, or any member state of the EEA.
This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into 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. No public offering of
securities is being 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.
The information in this announcement is for background purposes only and does
not purport to be full or complete. No reliance may be placed for any purpose
on the information contained in this announcement or its accuracy or
completeness. The material contained in this announcement is given as at the
date of its publication (unless otherwise marked) and is subject to updating,
revision and amendment. In particular, any proposals referred to herein are
subject to revision and amendment.
This announcement does not constitute a recommendation concerning the Company
or the Offer. The price and value of securities and any income from them can
go down as well as up. Past performance is not a guide to future performance
and prospective investors may not receive any return from the Company. Before
purchasing any securities of the Company, persons viewing this announcement
should ensure that they fully understand and accept the risks set out in the
Prospectus. Information in this announcement or any of the documents relating
to the Company or the Offer cannot be relied upon as a guide to future
performance. Potential investors should consult a professional adviser as to
the suitability of the Offer for them