14th Jan 2016 13:13
LONDON (Alliance News) - Unicorn AIM VCT PLC on Thursday said it is eyeing a fundraising to raise a maximum of GBP10.0 million.
In a brief statement, the venture capital trust said it will look to raise the money through an offer for subscription, enabling investors to buy new shares.
"The prospectus, which will contain the full details and terms and conditions of the offer, will be available shortly," the company said.
In a separate statement covering October 1 to December 31, the company said it made "steady" progress, with its unaudited net asset value per share increasing month-on-month to 163.8 pence at the end of December from 155.7 pence as at the start of October.
"This represents a total return of 5.2% for the period under review, which comfortably exceeds the performance delivered by the main market and that of the FTSE AIM All-Share Index, which delivered a total return of +2.3% over the same period," the company said
The company's net assets were GBP131.0 million at the period end.
Shares in the trust were untraded on Thursday afternoon, having last traded at 145.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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