Offer for subscription update

RNS Number : 7684S

Unicorn AIM VCT PLC

13 March 2019

 

Unicorn AIM VCT plc (the "Company")

Offer for Subscription - Update

The Company published a prospectus on 29 January 2019, ("the Prospectus") containing an offer for subscription of up to £15 million with an over-allotment facility for a further £10 million through the subscription of up to a maximum of 25 million ordinary shares of 1p each ("the Offer"). Full details of the Offer are contained in the Prospectus.

The Directors of the Company are pleased to announce that on the basis of subscription forms received as at 13 March 2019 and assuming that they are all accepted, the initial £15m Offer is now fully subscribed.

In order to accommodate further unsatisfied demand, and in accordance with the Prospectus, the Board has decided, after consultation with Unicorn Asset Management (UAM), the Company's Investment Manager, to utilise the over-allotment facility and increase the Offer by a further £10 million. The offer will therefore remain open until 4 April 2019 unless the over-allotment facility is fully subscribed by this date or otherwise at the Board's discretion.

For further information please contact:

Chris Hutchinson at Unicorn Asset Management Limited (the Company's Investment Manager) on

020 7253 0889

ISCA Administration Services Limited (the Company Secretary) on

01392 487056; or [e-mail]

13 March 2019

 

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