Amati VCT PLC Issue of Equity (3306K)
April 09 2018 - 12:11PM
UK Regulatory
TIDMATI
RNS Number : 3306K
Amati VCT PLC
09 April 2018
Amati VCT plc (the "Company")
Legal Entity Identifier: 213800JHPMJWKLKEUU24
Offer for Subscription of New Ordinary Shares (the "Offer")
Amati VCT plc announces an allotment on 5 April 2018 of
3,651,535 New Ordinary Shares pursuant to the Offer. In accordance
with the Terms and Conditions of the Offer, the Offer Price at
which new ordinary shares were allotted, which was calculated by
reference to the net asset value of an ordinary share on 31 March
2018 and with the underlying securities valued at the mid-price of
the closing bid and ask prices of the London Market Maker price
feed ("Adjusted Net Asset Value"), was 101.60p per ordinary share
(Adjusted Net Asset Value divided by 0.99 to allow for issue costs
of 1.0%).
Following the allotment above, the total number of Ordinary
Shares in issue is 69,059,285 with each Ordinary Share carrying one
voting right. That figure may be used by shareholders as the
denominator for the calculation to determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the Disclosure and Transparency Rules.
Applications have been made for the New Ordinary Shares to be
admitted to the Official List (with a Premium Listing) and to the
London Stock Exchange for admission to trading on the Main Market.
It is expected that admission will occur and dealing will commence
in the New Ordinary Shares to be issued pursuant to the offer at
8.00 a.m. on or around 13 April 2018. CREST accounts are expected
to be credited within five business days of allotment and
definitive documents of title are expected to be dispatched within
ten business days of allotment.
Terms defined in the joint prospectus published by the Company
on 27 October 2017 have the same meanings in this announcement
unless the context requires otherwise.
For further information please contact Doreen Nic on 0131 510
7465 or email info@amatiglobal.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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