AMATI AIM VCT PLC

Share Issue/Capital Change • Mar 4, 2019

National Storage Mechanism | Additional information

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RNS Number : 7886R

Amati AIM VCT PLC

04 March 2019

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Top Up Offer for Subscription of New Shares (the "Offer")

Amati AIM VCT plc announces an allotment on 4 March 2019 of 1,343,337 New 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 28 February 2019 was 142.52p per ordinary share (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 89,489,185 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. 

The Top Up Offer has reached its target of £7m and is now closed to new subscriptions.  A further allotment of shares under the Top Up Offer will take place in the next tax year 2019/20 for those shareholders who subscribed for shares in tax year 2019/20.

Applications have been made for the New 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 Shares to be issued pursuant to the offer on or around 12 March 2019.  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 Top Up Offer document published by the Company on 1 February 2019 have the same meanings in this announcement unless the context requires otherwise.

For further information please contact Doreen Nic on 0131 243 7215 or email info@amatiglobal.com.

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