REG-Hargreave Hale AIM VCT 1 plc : Offer Update - Use of Over-Allotment Facility

Hargreave Hale Aim VctAnnouncement

08/05/2018 09:40

2018-05-08T08:38:00.415Zreuters.comtag:reuters.com,2018-05-08:newsml_GNE1HbTWz:13TXT
(c) Copyright GlobeNewswire, Inc. 2018This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-08T08:38:00.415Z2018-05-08T08:38:00.415ZUCDP:parsn_hugin_10.54.132.131_1.2.37235:2019-06-08T08:38:00.415Z3GNE1HbTWzREG-Hargreave Hale AIM VCT 1 plc : Offer Update - Use of Over-Allotment FacilityLEGACY: Financials (TRBC)LEGACY: Banking & Investment Services (TRBC)LEGACY: Investment Banking & Investment Services (TRBC)Venture Capital (TRBC level 5)Investment Management & Fund Operators (TRBC level 4)Financials (TRBC level 1)Banking & Investment Services (TRBC level 2)Investment Banking & Investment Services (TRBC level 3)Western EuropeUnited KingdomEuropeSuggested SourcesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsHargreave Hale Aim VCT 1 PLC











       
Hargreave Hale AIM VCT 1 plc 
  
Announcement of Intention to Utilise Over-Allotment Facility and Offer Update
  
On 12 February 2018, Hargreave Hale AIM VCT 1 plc ("the Company") launched an offer for subscription of ordinary shares of 1p each to raise up to £20 million ("the Offer"). Full details of the Offer are contained in a prospectus ("the Prospectus"), which was published by the Company on 12 February 2018. 
  
Under the terms and conditions of the Offer, as set out in the Prospectus, the directors of the Company have the ability (at their discretion), if the Offer is oversubscribed, to increase the number of Shares available for subscription under the Offer to raise further amounts under the Offer of up to £10 million.
  
The Company has received valid applications in excess of £19.0 million and, accordingly, the directors of the Company are pleased to announce that they intend to utilise £5.0 million of the available £10.0 million Over-allotment Facility. 
  
Terms used in this announcement have the same meaning as defined in the Prospectus.
  
Copies of the Prospectus are available until the Offer closes from the Company's registered office at 41 Lothbury, London, EC2R 7AE and from Hargreave Hale Ltd - Talisman House - Boardmans Way - Blackpool - FY4 5FY. 
  
The Company's website at http://www.hargreaveaimvcts.co.uk 
  
The National Storage Mechanism, which is located at http://www.morningstar.co.uk/uk/NSM 
  
For further information please contact: 
  
Stuart Brookes 
  
Company Secretary - Hargreave Hale AIM VCT 1 Plc 
  
Tel 01253 754740 
       


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hargreave Hale AIM VCT 1 plc via Globenewswire