Aurora Investment Trust PLC Result of Placing (1809I)
August 25 2016 - 11:26AM
UK Regulatory
TIDMARR
RNS Number : 1809I
Aurora Investment Trust PLC
25 August 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW
ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.
This announcement is an advertisement and not a prospectus. This
announcement does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or
solicitation of any offer to buy or subscribe for, any securities
in Aurora Investment Trust plc (the "Company") or securities in any
other entity, in any jurisdiction, including the United States, nor
shall it, or any part of it, or the fact of its distribution, form
the basis of, or be relied on in connection with, any contract or
investment decision whatsoever, in any jurisdiction. This
announcement does not constitute a recommendation regarding any
securities. Any investment decision must be made exclusively on the
basis of the final prospectus published by the Company and any
supplement thereto.
25 August 2016
Aurora Investment Trust plc
Results of Placing
Further to the announcement made by Aurora Investment Trust plc
(the "Company") on 19 August 2016, the Board is pleased to announce
that approximately GBP9.8 million of gross proceeds have been
raised under the Placing. Accordingly, 5,965,750 new ordinary
shares of 25 pence each (the "New Shares") will be issued at the
placing price of 163.85 pence.
Application has been made for the New Shares to be admitted to
the Official List and to trading on the London Stock Exchange's
Main Market for listed securities ("Admission"). It is expected
that Admission will become effective and dealings in the New Shares
will commence on 1 September 2016.
Following Admission the Company will have 25,215,889 ordinary
shares in issue, with no ordinary shares held in treasury. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
Lord Flight, Chairman of the Company, commented: "The outcome of
the Placing has exceeded our initial expectations. It shows a
significant level of support from investors for the new investment
strategy adopted when Phoenix Asset Management and Gary Channon
took over management of the trust in January. We aim to continue to
grow the trust by attracting investors who understand and support
the investment strategy."
Enquiries:
Lord Flight
Chairman
Tel: 020 7222 7559
John Luetchford/Anthony Lee
PraxisIFM Fund Services (UK) Limited
Company Secretary to Aurora Investment Trust plc
Tel: 020 7653 9687
Tristan Chapple
Phoenix Asset Management Partners Limited
Tel: 020 8600 0100
Steve Pearce / Chris Clarke / Henry Freeman
Liberum Capital Limited
Tel: 020 3100 2000
William Clutterbuck
Maitland
Tel: 0207 379 5151
Important notices
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.
Neither the NSM website nor the Company's website nor the
content of any website accessible from hyperlinks on those websites
(or any other website) is (or is deemed to be) incorporated into,
or forms (or is deemed to form) part of, this announcement.
Dickson Minto W..S. and Liberum Capital Limited are authorised
and regulated in the UK by the Financial Conduct Authority, are
acting exclusively for the Company and for no-one else in
connection with the contents of this announcement and will not be
responsible to anyone other than the Company for providing the
protections afforded to their respective clients, or for affording
advice in relation to the contents of this announcement or any
matters referred to herein.
No person has been authorised to give any information or to make
any representations other than those contained in this announcement
and, if given or made, such information or representations must not
be relied on as having been authorised by the Company, Dickson
Minto W..S., Liberum Capital Limited or any of their respective
directors, officers, employees or agents. Subject to the Listing
Rules and/or the Prospectus Rules and/or the Disclosure and
Transparency Rules and/or the Takeover Code and/or FSMA, neither
the delivery of this announcement nor any subscription or
acquisition made under it shall, in any circumstances, create any
implication that there has been no change in the affairs of the
Company since the date of this announcement or that the information
in it is correct as of any subsequent date.
This announcement is for information only and does not
constitute or form part of any offer or invitation to issue,
acquire or dispose of any securities or investment advice in any
jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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