REG - Unicorn AIM VCT PLC - Offer for Subscription - Update <Origin Href="QuoteRef">UAVP.L</Origin>

Unicorn AIM VCTAnnouncement

25/10/2017 17:40

RNS Number : 6391U
Unicorn AIM VCT PLC
25 October 2017
Unicorn AIM VCT plc ("the Company")
LEI: 21380057QDV7D34E9870
Update on Offer for Subscription 
The Company launched an offer for subscription to raise up to 30 million (with an over-allotment facility to raise up to a further 20 million) through the issue of up to a maximum of 35 million ordinary shares of 1p each ("the Offer"). Full details of the Offer are contained in a prospectus issued by the Company dated 25 July 2017 ("the Prospectus"). The Company previously announced that it would extend the closing date of the Offer to 12.00 noon on Friday 17 November 2017 (unless fully subscribed by an earlier date). 
At today's date, allotments and valid applications awaiting allotment under the Offer total approximately 24 million. In addition, LGBR Capital, the distributor to the Offer, has confirmed that it has a pipeline of applications awaiting submission to Capita, the receiving agent with a collective value in excess of 5 million. LGBR Capital has also confirmed that it continues to receive interest in the Offer and that it therefore anticipates receiving significant further applications prior to the Offer closing date. 
As a result, the board of Directors of the Company ("the Board") has agreed, after consultation with Unicorn Asset Management (UAM), the Company's investment manager, to utilise the over-allotment facility to raise up to a further 20 million. 
A copy of the Prospectus is available for download from the Company's website (http://www.unicornaimvct.co.uk) and from the National Storage Mechanism (http://www.hemscott.com/nsm.do).
For further information, please contact:
Investment Manager and Promoter to the Company
Unicorn Asset Management Limited
Chris Hutchinson
Telephone: 020 7253 0889
Email: info@unicornam.com
Distributor to the Offer
LGBR Capital LLP
Luke Reeves
Telephone: 020 3195 7100
Email: sales@lgbrcapital.com

This information is provided by RNS
The company news service from the London Stock Exchange
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