REG-Issue of Equity

Hargreave Hale Aim VctAnnouncement

06/06/2025 12:45

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, 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 LEGALLY
MARKETED), OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM
PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION.

6 June 2025

HARGREAVE HALE AIM VCT PLC 
(the “Company”)

Allotment of Shares

The Board announced on 9 October 2024 that the Company had published a
prospectus (the “Prospectus") and had published a supplementary prospectus
(the “Supplementary Prospectus”) on 20 December 2024 in relation to an
offer for subscription of ordinary shares of 1p each (the "Ordinary Shares"),
to raise up to £20,000,000 (the "Offer"). On 6 June 2025, the Company
allotted 95,512 new Ordinary Shares pursuant to the Offer conditional only on
Admission (the timetable for which is set out in more detail below).

The offer price at which the 95,512 new Ordinary Shares were allotted was
37.01 pence per Ordinary Share, which was calculated, in accordance with the
terms of the Offer, by reference to the net asset value of an Ordinary Share
on 30 May 2025 (as announced on 3 June 2025, being the last published net
asset value per Ordinary Share) divided by 0.965 (to allow for the costs of
the Offer).

Application will shortly be made for the 95,512 new Ordinary Shares to 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
plc’s main market for listed securities ("Admission"). It is expected that
Admission will occur and dealing will commence in the new Ordinary Shares on
or around 13 June 2025. When issued, the new Ordinary Shares will rank pari
passu with the existing Ordinary Shares.

As a result of the issue, the total number of Ordinary Shares in issue will be
371,982,460 with each Ordinary Share carrying one vote each.  Therefore, the
total voting rights in the Company will be 371,982,460. 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.

The new Ordinary Shares will be issued in registered form and may be held in
uncertificated form. Definitive documents of title are expected to be
dispatched within 15 business days of allotment.   The new Ordinary Shares
will be eligible for settlement through CREST with effect from Admission.

Unless the context requires otherwise, terms defined in the Prospectus and
Supplementary Prospectus have the same meaning where used in this
announcement.

END

For further information, please contact:

 JTC (UK) Limited Uloma Adighibe Alexandria Tivey  HHV.CoSec@jtcgroup.com +44 203 832 3877 +44 203 832 3891  

LEI: 213800LRYA19A69SIT31        

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 and the Supplementary Prospectus in their final
form, published by the Company in connection with the Offer. A copy of the
Prospectus and the Supplementary 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/#/nsm/nationalstoragemechanism and on the Company's
website (www.hargreaveaimvcts.co.uk). Approval of the Prospectus or the
Supplementary 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 and the
Supplementary 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