24th Jan 2019 15:51
LONDON (Alliance News) - Hargreave Hale AIM VCT PLC on Thursday said it is closing its subscription offer to further applications, having raised GBP25 million.
The venture capital trust's subscription was launched in September to raise up to GBP20 million and had a further GBP10 million over-allotment facility.
In November, having received valid applications in excess of GBP20 million, Hargreave Hale announced it would be using GBP5 million of the over-allotment facility.
Valid applications for the full GBP5 million have been received and Hargreave Hale's directors are now intending to close the offer to further applications.
However, Hargreave Hale has reserved its right to use the GBP5 million of its remaining over-allotment facility at its discretion.
Shares in Hargreave Hale were flat at 69.50 pence on Thursday.
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