Top up share issue

RNS Number : 5823O

Amati VCT 2 plc

08 November 2016

 

Amati VCT 2 plc 8 November 2016 Top Up Share Issue The Directors of Amati VCT 2 plc (the "Company") are pleased to announce that, together with Amati VCT plc, it has today published a top up share issue information document (the "Information Document") in connection with proposals to raise up to approximately £4m for each Company, or approximately £8 million in aggregate, by way of invitations to apply to subscribe for new ordinary shares (the "Share Issues"). The Share Issues open on Tuesday 8 November 2016 and are expected to close at noon on Tuesday 4 April 2017 in respect of the 2016/2017 tax year and at noon on Friday 14 July 2017 in respect of the 2017/2018 tax year (or on an earlier date in each tax year if the maximum subscription has been received). The Share Issues will be managed in accordance with the limits applicable to non-prospectus share issues and applications will be accepted on a first come, first served basis, subject to the discretion of the Directors. The new ordinary shares will be issued at a price determined in accordance with a formula to allow for issue costs (as set out in the Information Document) and based on the last published net asset value per share ("NAV per Share") of the Company prior to the date of issue. The NAV per Share will be divided by 0.99 to determine the issue price in respect of applications from existing shareholders and in respect of applications received through authorised financial intermediaries, which allows for issue costs of 1%. For other applications the issue price will be determined by dividing the NAV per Share by 0.97, which allows for issue costs of 3%. Upon issue the new ordinary shares will be admitted to the Official List of the UKLA and to trading on the Main Market of the London Stock Exchange. The Information Document can be downloaded from www.amatiglobal.com and will also be submitted to the National Storage Mechanism for viewing online at www.morningstar.co.uk/uk/NSM. For further information please contact Rachel Le Derf on 0131 503 9104 or email [e-mail].

 

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