Update on offer for subscription

RNS Number : 2272W

Amati AIM VCT PLC

14 August 2020

 

14 August 2020

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Update on offer for subscription

The Board of Amati AIM VCT plc (the "Company") announced on 31 October 2019 that the Company had published a prospectus in connection with proposals to raise up to £25,000,000 (with an over-allotment facility to raise up to a further £20,000,000), by way of an offer for subscription (the "Offer") of new ordinary shares (the "New Shares").

The Company announced on 29 April 2020 that £25,000,000 had been raised under the Offer and that the Board had decided not to utilise the over-allotment facility at that time. However, the Company has continued to identify and make new investments, with around £11.4 million new qualifying investments being made since the start of the Company's financial year on 1 February 2020.

Having considered the current rate of investment activity, the Board is pleased to announce that the Offer has now re-opened and the Company is seeking to raise up to £20,000,000 available under the over-allotment facility. The next allotment of New Shares under the Offer is expected to be on or around 14 September 2020 and thereafter allotments will be made at the discretion of the Board. The Offer will close at 12 noon on 16 October 2020 (unless the Offer is fully subscribed before this date and/or the Board closes the Offer earlier, which it may do in its sole discretion).

The Prospectus is available at www.amatiglobal.com and https://data.fca.org.uk/#/nsm/nationalstoragemechanism and, until 30 October 2020, copies are available for collection, free of charge, from the offices of Amati Global Investors and the offices of Dickson Minto W.S. on any Business Day. Copies can also be requested by contacting Amati Global Investors on [phone] or by email at [e-mail].

Subscriptions can be made online at www.amatioffer.com or by completing the subscription form contained in the Prospectus.

For further information, please contact Samantha Dalby on [phone] or email: [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations ((EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

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