Amati AIM VCT PLC Update on offer for subscription (3234K)
August 28 2019 - 2:00AM
UK Regulatory
TIDMAMAT
RNS Number : 3234K
Amati AIM VCT PLC
28 August 2019
Amati AIM VCT plc
28 August 2019
Amati AIM VCT plc (the "Company")
Legal Entity Identifier: 213800HAEDBBK9RWCD25
Update on offer for subscription
Following the announcement made on 26 June 2019, the Board has
been discussing the size and structure of the proposed offer for
subscription (the "Offer") with the Investment Manager. Having
considered the deployment of funds over the last six months and the
current pipeline of investment opportunities, the Company is
seeking to raise GBP25 million over a 12 month period from the date
of the prospectus. The Directors will also have discretion to
utilise an over-allotment facility of up to GBP20 million, either
in whole or in part. This facility will only be utilised if the
Directors are satisfied that there is a suitable pipeline of
investments to deploy the extra funds and if there is sufficient
demand from investors.
In addition, provision is being made for up to a further GBP5
million to be raised from the Company's Dividend Re-Investment
Scheme over the course of the Offer.
In order to ensure the efficient deployment of funds and to
provide the Company with greater flexibility, the amount to be
raised under the Offer prior to the Company's year end on 31
January 2020 will be capped at GBP15 million.
Further details of the Offer will be provided in a prospectus to
be published by the Company around the end of October 2019. A
further announcement will be released when the prospectus is
available.
For further information, please contact Samantha Dalby on +44
(0)131 503 9115 or email: info@amatiglobal.com
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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