Results of Initial Placing

RNS Number : 1606S

Aurora Investment Trust PLC

28 September 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Aurora Investment Trust plc (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto.

Aurora Investment Trust plc

Results of Initial Placing, Offer for Subscription and Initial Intermediaries Offer

Further to the announcement made by Aurora Investment Trust plc (the "Company") on 5 September 2017, the Board is pleased to announce that approximately £9.2 million of gross proceeds have been raised under the Initial Placing, Offer for Subscription and Initial Intermediaries Offer.  Accordingly, 4,565,650 new ordinary shares of 25 pence each (the "New Shares") will be issued at the Initial Issues Price of 201.94 pence.

Application has been made for 4,565,650 New Shares to be admitted to the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence on 2 October 2017.

Following Admission the Company expects to have 40,803,503 Ordinary Shares in issue. The Company does not hold any shares in treasury. The total number of voting rights of the Company will be 40,803,503 and this figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the Company's prospectus dated 5 September 2017.

Enquiries:

Tristan Chapple

Phoenix Asset Management Partners Limited

Tel: [phone]

Chris Clarke

Liberum Capital Limited

Tel: [phone]

William Clutterbuck

[e-mail] 

or

Jason Ochere

[e-mail] 

Maitland

Tel: [phone]

John Luetchford

PraxisIFM Fund Services (UK) Limited

Company Secretary to Aurora Investment Trust plc

Tel: [phone]

Intermediaries Offer

Nigel Morris

Solid Solutions Associates (UK) Ltd

[e-mail] 

Tel: [phone]

Important notices

Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of, this announcement.

Dickson Minto W.S. and Liberum Capital Limited are authorised and regulated in the UK by the Financial Conduct Authority, are acting exclusively for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company, Dickson Minto W.S., Liberum Capital Limited or any of their respective directors, officers, employees or agents.  Subject to the Listing Rules and/or the Prospectus Rules and/or the Disclosure Guidance and Transparency Rules and/or the Takeover Code and/or FSMA, neither the delivery of this announcement nor any subscription or acquisition made under it shall, in any circumstances, create any implication that there has been no change in the affairs of the Company since the date of this announcement or that the information in it is correct as of any subsequent date.

This announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

END

 

 

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