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Update on Offer for Subscription
Globenewswire· 2025-12-10 18:00
Core Viewpoint - Hargreave Hale AIM VCT plc is set to open an offer for subscription of new ordinary shares, aiming to raise at least £20 million, with an option to raise an additional £10 million through an over-allotment facility [3]. Group 1: Offer Details - The offer is expected to commence around 27 January 2026 [3]. - The company will utilize new Prospectus Rules effective from 19 January 2026, which allows the offer to proceed without a full prospectus [4]. - An "early bird discount" of up to 2% on the application fee will be available for applications received by 12 March 2026, with a maximum aggregate subscription of £15 million [5]. Group 2: Future Announcements - Further details regarding the offer will be provided to shareholders and prospective investors once finalized [4]. - A subsequent announcement will be made upon the launch of the offer [6].
Offer Update - utilisation of over-allotment facility
Globenewswire· 2025-11-05 07:00
Group 1 - The Company, along with Northern 2 VCT PLC and Northern 3 VCT PLC, has utilized its over-allotment facility to raise an additional £6.0 million due to strong demand for its shares [1] - The Offers for new ordinary shares will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier, with a first allotment scheduled for 25 November 2025 [2] - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2] Group 2 - A downloadable version of the Prospectus is available on the Company's website and can also be obtained free of charge from the registered office [3] - Enquiries regarding the Offers can be directed to Mercia Fund Management Limited [3]
Offer Update - Utilisation of over-allotment facility
Globenewswire· 2025-10-15 06:00
Core Viewpoint - Northern 2 VCT PLC has decided to utilize its over-allotment facility to raise an additional £3.0 million due to strong demand for its shares in the ongoing subscription offers [1]. Group 1 - The Company, along with Northern Venture Trust PLC and Northern 3 VCT PLC, published a prospectus on 17 September 2025 for new ordinary shares for the 2025/26 tax year [1]. - The Offers will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier, with the Directors having the right to close the Offers at any time [2]. - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2]. Group 2 - The first allotment of shares is scheduled for 25 November 2025, with applications needing to be received by close of business on 19 November 2025 to qualify [2]. - A downloadable version of the Prospectus is available on the Mercia website, and physical copies can be obtained from the Company's registered office or by calling Mercia [3].