Issue of Equity
Summary by AI BETAClose X
25 June 2026
HARGREAVE HALE AIM VCT PLC
(the “Company”)
Allotment of Shares
The Board announced on 23 January 2026 that the Company had published an offer document (the “Offer Document") in relation to an offer for subscription of ordinary shares of 1 pence each (the "Ordinary Shares"), to raise up to £20,000,000 with an over-allotment facility to raise up to a further £10,000,000 (the "Offer"). On 25 June 2026, the Company allotted 74,615 new Ordinary Shares pursuant to the Offer, conditional only on trading on the London Stock Exchange plc’s main market for listed securities ("Admission"), the timetable for which is set out in more detail below.
The offer price at which the 74,615 new Ordinary Shares were allotted was 33.84 pence per Ordinary Share, which was calculated, in accordance with the terms of the Offer, by reference to the last published net asset value per Ordinary Share as at the close of business on 19 June 2026 (as announced on 23 June 2026) divided by 0.965 (to allow for the costs of the Offer), such price being calculated with reference to the ex-dividend NAV, the Ordinary Shares having gone ex-dividend of 0.70 pence per share on 25 June 2026.
Application will shortly be made for the 74,615 new Ordinary Shares to be admitted to the closed-ended investment funds category of the Official List of the Financial Conduct Authority. It is expected that Admission will occur and dealing will commence in the new Ordinary Shares on or around 2 July 2026. When issued, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Reflecting the ex-dividend status of the Ordinary Shares, shareholders who receive the new Ordinary Shares issued under this allotment shall not be entitled to the payment of the interim dividend on 31 July 2026.
As a result of the issue, the total number of Ordinary Shares in issue will be 374,319,291 with each Ordinary Share carrying one vote each. Therefore, the total voting rights in the Company will be 374,319,291. 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.
The new Ordinary Shares will be issued in registered form and may be held in uncertificated form. Definitive documents of title are expected to be dispatched within 15 business days of allotment. The new Ordinary Shares will be eligible for settlement through CREST with effect from Admission.
Unless the context requires otherwise, terms defined in the Offer Document have the same meaning where used in this announcement.
END
For further information, please contact:
| Canaccord Genuity Asset Management Limited Abbe Martineau | aimvct@canaccord.com +44 20 7523 4525 |
LEI: 213800LRYA19A69SIT31
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