REG - Unicorn AIM VCT PLC - Offer Update – Close of Applications for Offer

Unicorn AIM VCTAnnouncement

12/06/2020 09:40

RNS Number : 8156P
  
Unicorn AIM VCT PLC
  
12 June 2020
  
 

Unicorn AIM VCT plc (the "Company")
LEI: 21380057QDV7D34E9870
Offer for Subscription - Close of Applications for Offer
 
The Company published a prospectus on 11 February 2020 ("the Prospectus") containing an Offer for Subscription to raise up to £15 million (with an over-allotment facility for up to a further £10 million) through the subscription of up to a maximum of 20 million ordinary shares of 1p each ("the Offer").  On 17 March 2020 the Company announced that it would utilise the £10 million over-allotment facility.
The Directors confirm that in accordance with the Prospectus, based on applications received to date, the Offer closed to new applications at 5.30pm on 11 June 2020 and is fully subscribed.
The allotment of shares will be based on the Net Asset Value as at the close of business on 12 June 2020 and will incorporate an updated review of the Fair Values of the unquoted investments in the portfolio, in accordance with IPEVC guidelines.
The allotment date will be announced to the market in due course.
For further information, please contact:
Chris Hutchinson at Unicorn Asset Management Limited (the Company's Investment Manager) on 020 7253 0889
 
Jon Carslake at ISCA Administration Services Limited (the Company Secretary) on 01392 487056; or unicornaimvct@iscaadmin.co.uk
 
12 June 2020


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