Finely crafted investments

 
Last Published NAV, 144.62 p as at 07/11/2019
Share price (bid), 133.00 p (delayed)

Amati AIM VCT - Offer For Subscription

Seeking to raise £25m for the 2019/20 & 2020/21 tax years


Funds Raised as at 18 November 2019

Amount Raised to date Capacity Remaining
£2,601,760 £22,398,240


Estimated Timetable

2019/20 offer opens 31 October 2019

2019/20 offer closes 12 noon on 2 April 2020

2020/21 offer closes 12 noon on 16 October 2020

The first allotment related to the 2019/20 Offer is expected on or before 25 November 2019 and thereafter on a monthly basis (or at other such times at the Manager's discretion as it considers in the best interests of the VCT).

The Directors have set the maximum amount that can be raised under the Offer prior to 31 January 2020 at £15 million. The amount to be raised after 31 January 2020 will be £25 million less the amount already raised under the Offer (subject to any exercise of the over-allotment facility). In addition, if sufficient demand arises and the Directors believe that there is a pipeline of investments to utilise the funds raised, the Board may use the over-allotment facility to raise up to a further £20 million under the Offer.

Listing and dealings commence within 10 business days of allotment.

Share certificates issued within 10 business days of allotment.

The Offer will close earlier than indicated in respect of each tax year if the maximum subscriptions are received. Amati cannot guarantee a specific allotment date during the relevant tax year and applications which cannot be satisfied at one allotment date will be held for processing until a later allotment date. The Offer may also be extended at the discretion of the Directors.

The Company reserves the right not to allot New Shares if an investor’s funds have not cleared by the date of an allotment. Therefore, please make sure that your application and payment arrive at Share Registrars well in advance of the relevant allotment date, so as to ensure that your funds have cleared in Share Registrar’s bank account by, at the latest, the date of allotment.

Amati Global Investors Limited, Share Registrars Limited and Amati AIM VCT plc will not bear any responsibility if your application is not processed or your shares are not allotted due to uncleared funds.

Dividend Reinvestment Scheme ("DRIS")

Information about the Dividend Reinvestment scheme can be found on our Amati AIM VCT literature page.

Regulatory

Amati Global Investors Ltd currently conducts its affairs so that the shares issued by Amati AIM VCT plc can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in a VCT to which the FCA has granted its approval for them to be promoted without restriction.