Hazel Renewable Energy VCT 1 plc : Issue of Equity

Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
27 May 2014
Issue of Equity

The Boards of Hazel Renewable Energy VCT1 plc ("Hazel 1") and Hazel Renewable Energy VCT2 plc ("Hazel 2") announce allotments on 27 May 2014 pursuant to the joint Offer for Subscription that opened on 12 March 2014 ("Offer") as follows:

Company	Share class	Average price per share	Number of shares allotted
Hazel 1	Ordinary Shares of 0.1p each	112.73	473,625
Hazel 1	'A' Shares of 0.1p each	0.1p	630,227
Hazel 2	Ordinary Shares of 0.1p each	113.16p	455,449
Hazel 2	'A' Shares of 0.1p each	0.1p	683,173

Included within the above are allotments to Directors and PDMRs as follows:

Hazel Renewable Energy VCT1 plc

Director / PDMR		Ordinary shares	Issue price	'A' Shares	Issue price
Bozkurt Aydinoglu	Manager	-	-	26,260	0.1p
Ben Guest	Director/Manager	159,282	109.00p	290,578	0.1p
Gareth Owen	Manager	-	-	26,260	0.1p
Tom Vernon	Manager	-	-	26,260	0.1p

Hazel Renewable Energy VCT2 plc

Director / PDMR		Ordinary shares	Issue price	'A' Shares	Issue price
Ben Guest	Manager	23,278	109.00	23,278	0.1p
Lizzie Darbourne	Manager	-	-	227,724	0.1p

Application for the Ordinary shares and A Shares of both companies to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly. Dealings are expected to commence on or around 2 June 2014.

The Offer for Subscription has now closed.

Following this allotment, the issued share capital and total voting rights of the Companies are as follows.

Company	Share class	Issued share capital	Voting rights per share	Voting rights
Hazel 1	Ordinary Shares	24,536,966	1000	24,536,966,000
Hazel 1	'A' Shares	36,805,446	1	36,805,446
				24,573,771,446
Hazel 2	Ordinary Shares	24,603,158	1000	24,603,158,000
Hazel 2	'A' Shares	36,904,733	1	36,904,733
				24,640,062,733

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hazel Renewable Energy VCT 1 plc via Globenewswire

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