Issue of Equity

RNS Number : 6725Y

Amati VCT 2 plc

28 January 2014

 

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 allotment on 27 January 2014 of 353,124 New Ordinary Shares pursuant to the Offer. The Offer price at which the New Ordinary Shares were allotted was 132.32p per share, which was calculated by reference to the net asset value of an Ordinary Share on 23 January 2014 with an appropriate adjustment for the performance fee payable based on the net asset value at that date, divided by 0.95 (to allow for issue costs of 5.0 per cent).

Following the allotment, the total number of Ordinary Shares in issue is 27,893,328 with voting rights.

Admission date of the New Ordinary Shares is expected to be 31 January 2014.  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.

The Company announces that the Offer is now closed and a Top Up Offer will be opening.  Full details of the Top Up Offer will be contained in the top up offer document that is expected to be published shortly.

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

 

END

 

 

IOEBPMLTMBITMJI