Publication of Prospectus

RNS Number : 9284S

Aurora Investment Trust PLC

22 March 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Aurora Investment Trust plc (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto.

To: RNS

From: Aurora Investment Trust plc

Date: 22 March 2016

Aurora Investment Trust plc

Publication of Prospectus

Aurora Investment Trust plc (the "Company") has today published a prospectus approved by the UK Listing Authority in relation to an initial placing and placing programme of new ordinary shares of 25 pence each (the "New Shares").  The Issues have been proposed by the Directors to allow the Company to issue New Shares to increase the size of the Company following the appointment of Phoenix Asset Management Partners Limited as Investment Manager.  

The Board is proposing to issue up to 4,858,750 New Shares in aggregate by way of an Initial Placing at a price of 166.67 pence per New Share (being a 1.5 per cent. premium to the Net Asset Value per Ordinary Shares as at 21 March 2016) and a subsequent Placing Programme to issue up to a further 55 million New Shares. These proposals aim to increase the size of the Company's issued share capital and in turn give it a larger equity base over which to spread fixed costs and provide for secondary liquidity in the Company's shares.

The timetable in respect of the Initial Placing is expected to be as follows:

	Date
Results of Initial Placing announced	by close of business on 24 March 2016
Admission and dealings in New Shares commence	29 March 2016
Crediting of CREST accounts in respect of the New Shares	29 March 2016
Share certificates in respect of the New Shares despatched (if applicable)	week commencing 4 April 2016

The prospectus will shortly be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

The prospectus is also available in electronic form on the Company's website at www.aurorainvestmenttrust.com and copies are available for collection during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 22 March 2017 from the registered office of the Company and the offices of Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London EC2A 2EW.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the Company's prospectus dated today.

Enquiries:

Lord Flight
Chairman
Tel: [phone]

John Luetchford/Anthony Lee
Cavendish Administration Limited
Company Secretary to Aurora Investment Trust plc
Tel: [phone]

Tristan Chapple
Phoenix Asset Management Partners Limited
Tel: [phone]

Steve Pearce / Chris Clarke

Liberum Capital Limited

Tel: [phone]

William Clutterbuck

Maitland

Tel: [phone]

Important notices

Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of, this announcement.

Dickson Minto W..S. and Liberum Capital Limited are authorised and regulated in the UK by the Financial Conduct Authority, are acting exclusively  for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company, Dickson Minto W..S., Liberum Capital Limited or any of their respective directors, officers, employees or agents.  Subject to the Listing Rules and/or the Prospectus Rules and/or the Disclosure and Transparency Rules and/or the Takeover Code and/or FSMA, neither the delivery of this announcement nor any subscription or acquisition made under it shall, in any circumstances, create any implication that there has been no change in the affairs of the Company since the date of this announcement or that the information in it is correct as of any subsequent date.

This announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.

 

END

 

 

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