Hargreave Hale AIM VCT 2 Plc
18 August 2015
Allotment of Shares and Closure of Offer for Subscription
Further to an offer for subscription of ordinary shares of 1p each in Hargreave Hale AIM VCT 1 plc to raise up to £10,000,000 and ordinary shares of 1p each in Hargreave Hale Aim VCT 2 plc to raise up to £10,000,000 pursuant to a prospectus dated 2 October 2014, a supplementary prospectus dated 15 January 2015 and a supplementary prospectus dated 12 August 2015, the Company announces an allotment on 18 August 2015 of 3,961 Ordinary Shares in the Company pursuant to the Offer.
The offer price at which the Ordinary Shares were allotted was 113.07p per Ordinary Share, which was calculated by reference to the net asset value of an Ordinary Share in the Company on 14 August 2015 (as announced on 17 August 2015) divided by 0.965 (to allow for issue costs of the Offer).
Following this allotment the total number of Ordinary Shares in issue is 25,058,142. 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 and Transparency Rules.
Application will shortly be made for the Ordinary Shares so allotted 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 or around the 19 August 2015. Definitive documents of title are expected to be despatched within 15 business days of allotment.
The Offer for Subscription is now closed.
For further information please contact:
Company Secretary – Hargreave Hale AIM VCT 2 Plc
Tel 0207 009 4987
N+1 Singer Advisory
Tom Smale / James Maxwell 020 7496 3000