14th Aug 2020 17:47
(Alliance News) - Amati AIM VCT PLC said Friday it has re-opened its subscription offer.
In late April, Amati announced it had raised GBP25.0 million under the offer but had a GBP20.0 million over-allotment facility available.
At the time, Amati decided against the over-allotment but, on Friday, re-opened the offer.
Amati is now seeking to raise the full GBP20.0 million.
"The company has continued to identify and make new investments, with around GBP11.4 million new qualifying investments being made since the start of the company's financial year on February 1, 2020," the investment firm said.
Amati added: "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 GBP20.0 million available under the over-allotment facility."
The allotment, Amati said, is expected about September 14 and the offer will close in October.
Shares in Amati AIM VCT closed 0.3% higher in London on Friday at 150.00 pence each.
By Paul McGowan; [email protected]
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