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Issue of Equity
This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
law by virtue of the European (Withdrawal) Act 2018, as amended. On
publication of this announcement via a regulatory information service, this
information is considered to be in the public domain.
4 April 2025
OBERON AIM VCT PLC
(the “Company”)
Issue of Equity and Total Voting Rights
The Company announced on 12 February 2025 that it had published a prospectus
(the "Prospectus") in relation to an offer for subscription of ordinary shares
of 10p each (the "Ordinary Shares"), to raise up to £5m, with the discretion
to utilise an over-allotment facility to raise up to a further £3.4m (the
"Offer"). On 4 April 2025 the Company allotted 452,999 new Ordinary Shares
pursuant to the Offer conditional only on Admission.
In accordance with the Pricing Formula set out in the prospectus for the
Offer, the 452,999 Ordinary Shares have been allotted at an offer price of
27.98 pence per share, calculated by reference to the unaudited net asset
value of an Ordinary Share on 28 February 2025 (as announced on 6 March 2025),
being the last published net asset value per Ordinary Share, divided by 0.975
(to allow for the costs of the Offer).
An application will be made for the 452,999 new Ordinary Shares to be admitted
to 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 11 April 2025. When issued, the new Ordinary
Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in issue will be
6,027,402 with each Ordinary Share carrying one vote each. Therefore, the
total voting rights in the Company will be 6,027,402. 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.
Unless the context requires otherwise, terms defined in the Prospectus have
the same meaning where used in this announcement.
END
For further information, please contact:
Company Secretary
John Beaumont +44 203 179 5300
LEI: 213800ZDLLGLVL2YTB47
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OBERON AIM VCT PLC
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