Early Bird Discount
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Publication of an Offer Document and Relevant Related Party Transaction
Globenewswire· 2026-01-23 16:50
Core Viewpoint - Hargreave Hale AIM VCT plc is launching an offer for subscription to raise up to £20 million, with an option to raise an additional £10 million through an over-allotment facility [2] Group 1: Offer Details - The offer is open until 17:00 on 15 December 2026, unless fully subscribed earlier or closed at the Directors' discretion [3] - Applications for ordinary shares for the 2025/26 tax year must be submitted by 17:00 on 25 March 2026 [3] - An Electronic Application Form is required for participation, which is deemed the most efficient method for investors [4] Group 2: Early Bird Discount - Canaccord Genuity Asset Management Limited will provide an "early bird discount" of up to 2% on the initial fee for applications received by 17:00 on 27 February 2026, with a maximum aggregate subscription of £10 million [5] - The discount applies only to applications that do not incur introductory commission to a Financial Intermediary, reducing the discount to 1% in such cases [5] Group 3: Related Party Transaction - The Company has entered into an Offer Agreement with CAM, which will administer the Offer and act as the receiving agent, for a fee of 3.5% of the gross proceeds [6] - This arrangement is classified as a relevant related party transaction under UK Listing Rules, and the Board considers it fair and reasonable for shareholders [7] Group 4: Offer Document Availability - The Offer Document can be downloaded from the Company's website and will also be available for inspection at the National Storage Mechanism [8]