Publication of a Prospectus

LONDON--(BUSINESS WIRE)-- 

Oberon AIM VCT plc (“the Company")

LEI: 213800ZDLLGLVL2YTB47

12 February 2025

Publication of Prospectus

The Company has today issued a prospectus the (“Prospectus") relating to an offer for subscription (“Offer”) by the Company to raise up to £5 million (with an over-allotment facility for up to a further £3.4 million) Shares of 10 pence each following the approval of the Prospectus by the Financial Conduct Authority.

The maximum number of shares that may be allotted under the Offer (including the over-allotment facility) is 30,000,000 Shares.

Related Party Transaction

Under the terms of a promoter’s agreement (“Promoter’s Agreement”), the Company will pay the Promoter, Oberon Investments Limited, a fee in relation to monies subscribed under the Offer (which could total up to £8.4 million if the over-allotment facility is fully utilised).

Subject to a cumulative cap of a maximum of 4.99% of the Net Asset Value of the Company from time to time, the Company will pay Oberon Investments Limited a promoter’s fee of 2.5% (in respect of Investors subscribing through intermediaries) and 5.0% (in respect of direct Investors) of the gross amount subscribed under the Offer. The Board considers this fee to be in line with market practice and, in accordance with UKLR 8.2.1, has obtained written confirmation from its sponsor, SPARK Advisory Partners Limited, that the terms of Promoter's Agreement are fair and reasonable as far as the shareholders of the Company are concerned. The Company shall bear the costs of the Offer and the costs of paying commission to the eligible authorised intermediaries of Investors under the Offer.

The Offer will open for application on 12 February 2025 and will close at 3.00 pm on 5 April 2025 for the 2024/2025 tax year and 3.00 pm on 1 December 2025 for the 2025/2026 tax year, or earlier if the Offers are fully subscribed. The Board of the Company reserves the right to close the Offer earlier, or to extend the Offer (to no later than 11 February 2026).

The Prospectus has been approved by the Financial Conduct Authority and will shortly be available to view at the online viewing facility of the National Storage Mechanism at the following website address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Copies of the Prospectus and are available, free of charge from the Company’s manager, Oberon Investments Limited, 2nd Floor, 6 Duke Street, London, England, SW1Y 6BN.