Offer for Subscription - Update

RNS Number : 1879B

Unicorn AIM VCT PLC

09 February 2022

 

Unicorn AIM VCT plc (the "Company")

LEI: 21380057QDV7D34E9870

Offer for Subscription - Update

The Company published a prospectus on 24 January 2022 ("the Prospectus") containing an offer for subscription of up to £25 million through the allotment of up to a maximum of 20 million Ordinary Shares of 1p each ("the Offer").  Full details of the Offer are contained in the Prospectus.

The Directors are pleased to announce that following the end of the priority period at 5.30 p.m. on 8 February 2022, giving existing Shareholders' priority for their applications, they have been advised that, on the basis of the subscription applications received at that time and assuming that they are all accepted, the Offer will be over subscribed.

As detailed in the Prospectus, applications under the Offer received from existing Shareholders by 5.30 p.m. on 8 February 2022 have been given priority (Existing Shareholder Priority Period) subject to the receipt of cleared funds in respect of such applications by no later than 5.30 p.m. on 18 February 2022. Subject to the discretion of the Directors, the Company will otherwise accept applications under the Offer on a first-come, first-served basis (provided cheques are not post-dated) and with priority given to applications with cleared funds.

Investors whose applications are received after Tuesday 8 February 2022 are likely, therefore, to have their subscription returned in accordance with the terms and conditions of the Offer.

The allotment of the shares will be based on the Company's Net Asset Value as at 28 February 2022 and will take place following its announcement to the market.

For further information, please contact:

ISCA Administration Services Limited (the Company Secretary) on 01392 487056; or [e-mail]

Chris Hutchinson at Unicorn Asset Management Limited (the Company's Investment Manager) on 020 7253 0889

 

END

 

 

OUPTLMTTMTMMBPT