Issue of Equity

RNS Number : 3641S

Hygea VCT plc

15 May 2009

 



FOR IMMEDIATE RELEASE                        15 May 2009

HYGEA VCT PLC

('Hygea' or the 'Company')

ISSUE OF EQUITY

The directors of Hygea vct plc (the 'Company') are pleased to announce an allotment on 15 May 2009 of 5,000 new ordinary shares of 50 pence each ('Ordinary Shares') at a price of 54 pence each pursuant to the current 10% Top Up Offer announced on 19 March 2008, under the authority of which the Company is continuing to offer the remaining 234,815 Ordinary Shares. The funds raised of £2,700 will be used for general working capital purposes.

Application will be made for the 5,000 new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities and dealings are expected to commence on 20 May 2009. 

Following publication of the increased net asset value per share in the Interim Management Statement released on 12 May 2009, the directors have resolved that the issue price will be increased to 57 pence per share and the Company continues to reserve the right to alter the terms of the 10% Top Up Offer.

End.

Enquiries: James Otter, Hygea vct plc - [e-mail] 

Charles Breese, Hygea vct plc on 01280 703482 or [e-mail]

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

website: www.hygeavct.com

 

END

 

 

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