Issue of Equity

RNS Number : 7167T

Amati VCT 2 plc

22 November 2013

 

Amati VCT 2 plc

Offer for subscription of new ordinary shares of 5p each ("New Ordinary Shares")

to raise up to £15,000,000 ("the Offer")

Amati VCT 2 plc ("the Company") announces an amendment to the allotment on 8 November 2013 of New Ordinary Shares pursuant to the Offer.

On 12 November 2013 the Company announced that 25,212 New Ordinary Shares were allotted on 8 November 2013 at a price of 130.82p per share, the price was calculated by reference to the net asset value of an Ordinary Share on 7 November 2013.  The original net asset value did not include an appropriate adjustment for the performance fee payable provision which may be due to the manager if the current level of performance is sustained.  The amended Offer price following the adjustment for the performance fee provision is 126.90p per share therefore 25,990 New Ordinary Shares should have been allotted at a price of 126.90p per share.  The Company now announces an allotment of the issue of a further 778 New Ordinary Shares.

Following the additional allotment above, the total number of Ordinary Shares in issue is 27,516,640 with voting rights.

Admission date of the 778 New Ordinary Shares is expected to be 27 November 2013.  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.

For further information please contact Doreen Nic on 0131 2437215 or email [e-mail].

 

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