Issue of Equity

RNS Number : 0185M

Amati AIM VCT PLC

05 May 2020

 

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Offer for Subscription of New Shares (the "Offer")

Amati AIM VCT plc announces an allotment on 4 May 2020 of 1,006,968 New Shares pursuant to the Offer. In accordance with the Terms and Conditions of the Offer, the Offer Price at which new ordinary shares were allotted, which was calculated by reference to the net asset value of an ordinary share on 30 April 2020, was 142.71p per ordinary share (net asset value divided by 0.99 to allow for issue costs of 1.0%).

Following the allotment above, the total number of ordinary shares in issue is 105,341,700* with each ordinary share carrying one voting right. That figure may be used by shareholders as the denominator for the calculation to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. 

Applications have been made for the New Shares to be admitted to the Official List (with a Premium Listing) and to the London Stock Exchange for admission to trading on the Main Market. It is expected that admission will occur and dealing will commence in the New Shares to be issued pursuant to the Offer on or around 12 May 2020.  CREST accounts are expected to be credited within five business days of allotment and definitive documents of title are expected to be dispatched within ten business days of allotment.

As announced on 29 April 2020 the Company is no longer accepting applications in relation to the Offer.  If the over-allotment facility is to be utilised the Company will make a further RNS announcement detailing the application process.

Terms defined in the Prospectus published by the Company on 31 October 2019 have the same meanings in this announcement unless the context requires otherwise.

*This figure includes 4,784 shares forfeited in accordance with Article 27 of the Company's Articles. The total number of shares in issue following the allotment on 3 April 2020 should have been 103,704,243 instead of 103,705,041 as previously stated.

For further information please contact Doreen Nic on 0131 243 7215 or email [e-mail] .

 

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