Offer for Subscription - Update

RNS Number : 6391U

Unicorn AIM VCT PLC

25 October 2017

 

Unicorn AIM VCT plc ("the Company")

LEI: 21380057QDV7D34E9870

Update on Offer for Subscription

The Company launched an offer for subscription to raise up to £30 million (with an over-allotment facility to raise up to a further £20 million) through the issue of up to a maximum of 35 million ordinary shares of 1p each ("the Offer"). Full details of the Offer are contained in a prospectus issued by the Company dated 25 July 2017 ("the Prospectus").  The Company previously announced that it would extend the closing date of the Offer to 12.00 noon on Friday 17 November 2017 (unless fully subscribed by an earlier date). 

At today's date, allotments and valid applications awaiting allotment under the Offer total approximately £24 million. In addition, LGBR Capital, the distributor to the Offer, has confirmed that it has a pipeline of applications awaiting submission to Capita, the receiving agent with a collective value in excess of £5 million. LGBR Capital has also confirmed that it continues to receive interest in the Offer and that it therefore anticipates receiving significant further applications prior to the Offer closing date.

As a result, the board of Directors of the Company ("the Board") has agreed, after consultation with Unicorn Asset Management (UAM), the Company's investment manager, to utilise the over-allotment facility to raise up to a further £20 million.

A copy of the Prospectus is available for download from the Company's website (http://www.unicornaimvct.co.uk) and from the National Storage Mechanism (http://www.hemscott.com/nsm.do).

For further information, please contact:

Investment Manager and Promoter to the Company

Unicorn Asset Management Limited

Chris Hutchinson

Telephone: [phone]

Email: [e-mail]

Distributor to the Offer

LGBR Capital LLP

Luke Reeves

Telephone: [phone]

Email: [e-mail]

 

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