Hargreave Hale AIM VCT PLC Allots 885,927 New Shares
News related to:HARGREAVE HALE AIM VCT PLC · 2 min read
HARGREAVE HALE AIM VCT PLC, a company focused on raising capital through investment, has completed the allotment of 885,927 new ordinary shares, each priced at 32.64 pence, as part of an ongoing fundraising effort. The allotment, which was announced on January 23, 2026, and revised on July 13, 2026, aimed to raise up to £20,000,000, with an additional over-allotment facility to raise up to £10,000,000 more.
The shares were allotted based on the last published net asset value per ordinary share as of September 11, 2026, adjusted for the costs of the offer. The ex-dividend status of the shares, which went ex-dividend on August 20, 2026, at a rate of 0.75 pence per share, was taken into account in the calculation of the offer price.
The new shares will be admitted to trading on the London Stock Exchange’s main market for listed securities, with the application for admission expected to be made shortly. It is anticipated that trading will commence on or around September 24, 2026. Upon issuance, the new shares will rank equally with existing shares, each carrying one vote.
The allotment brings the total number of ordinary shares in issue to 374,304,736, with each share carrying one vote. This figure can be used by shareholders to determine their voting rights and compliance with the Disclosure Guidance and Transparency Rules.
The company has stated that the new 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 the allotment. The new shares will be eligible for settlement through CREST, the UK’s electronic securities settlement system, with effect from the date of admission.
The company’s move to raise additional capital through this allotment is part of its ongoing strategy to expand its investment portfolio and enhance its financial position. The successful allotment of these shares is expected to provide the company with the necessary funds to pursue its investment objectives and support its growth initiatives.