Hargreave Hale AIM VCT Plc, the London Stock Exchange-listed venture capital trust focused on AIM-quoted companies, has allotted 436,240 new Ordinary Shares at a price of 32.64 pence per share as part of its ongoing offer for subscription. The allotment, announced on 22 October 2026, is conditional on admission to the LSE's main market for listed securities, which is expected on or around 29 October 2026. The issue forms part of a fundraise targeting up to £20 million, with an over-allotment facility permitting a further £10 million to be raised, and brings total shares in issue to 373,582,763.

Key Points

  • Hargreave Hale AIM VCT Plc (HHV) is a closed-ended investment fund listed on the London Stock Exchange
  • 436,240 new Ordinary Shares allotted on 22 October 2026 at 32.64 pence per share under the Company's open offer for subscription
  • Admission to the FCA's Official List expected on or around 29 October 2026; total shares in issue will reach 373,582,763
  • Investors should monitor further allotment announcements as the offer remains open up to £30 million including the over-allotment facility

Offer Price of 32.64p Calculated From Net Asset Value Per Share as at 16 October 2026

The offer price for the 436,240 newly allotted Ordinary Shares was set at 32.64 pence per share. The announcement states this figure was calculated in accordance with the terms of the offer document by reference to the last published net asset value per Ordinary Share as at the close of business on 16 October 2026, as announced on 20 October 2026, divided by 0.965. The 0.965 divisor is applied to account for the costs associated with the offer, a standard mechanism in VCT fundraising structures designed to ensure that existing shareholders are not disadvantaged by the expenses of attracting new capital into the vehicle.

Hargreave Hale AIM VCT's Fundraise Targets Up to £30 Million Including Over-Allotment Facility

The offer document was originally published following a board announcement on 23 January 2026 and was subsequently revised on 13 July 2026. The structure allows Hargreave Hale AIM VCT to raise up to £20 million in primary proceeds, with an additional over-allotment facility of up to £10 million should investor demand warrant it. As a venture capital trust specialising in AIM-quoted securities, the Company deploys capital into smaller growth-focused UK businesses, and fundraising activity of this kind enables it to pursue further qualifying investments within the regulatory framework governing VCTs.

Post-Allotment Total of 373,582,763 Shares Sets Denominator for Shareholder Disclosure Obligations

Following the allotment, the total number of Ordinary Shares in issue will stand at 373,582,763, with each share carrying one vote. The announcement confirms this figure serves as the denominator shareholders should use when calculating whether they are required to disclose interests or changes in interests under the Disclosure Guidance and Transparency Rules. New shares will rank pari passu with existing Ordinary Shares, will be issued in registered form, can be held in uncertificated form, and will be eligible for CREST settlement from the date of admission.

Definitive Title Documents Expected Within 15 Business Days of the 22 October 2026 Allotment

The Company anticipates that dealing in the new Ordinary Shares will commence on or around 29 October 2026, subject to formal admission to the closed-ended investment funds category of the FCA's Official List. Definitive documents of title are expected to be despatched within 15 business days of the allotment date. Investors holding positions in Hargreave Hale AIM VCT may wish to monitor subsequent allotment notices, as further tranches could be issued under the offer while it remains open and the fundraise ceiling has not yet been publicly confirmed as reached.