OFFER CLOSED FOR APPLICATIONS
On 11 February 2021 the Company announced
Following strong support, applications have been received for in excess of the £15 million available. As a result, the Offer is now closed for applications.
As detailed in the Prospectus, applications under the Offer received from existing shareholders by 5.30 p.m. on 11 February 2021 will be given priority (Existing Shareholder Priority Period). As at the end of the Priority Period, valid applications amounting to approximately £13.8m had been received from Existing Shareholders.
Eligibility for the Existing Shareholder Priority Period is subject to receipt of cleared funds in respect of such applications by no later than 5.30 p.m. on 18 February 2021.
Subject to the discretion of the Company’s board of directors (Board), the Company will otherwise accept applications under the Offer on a first-come, first-served basis (provided cheques are not post-dated) and with priority given to applications with cleared funds.
In view of the Offer having closed for applications early, the Company intends to bring forward the allotment of New Shares, in respect of successful applications related to the 2020/21 tax year, to 19 February 2021. The number of New Shares to be allotted to successful applicants will be determined by the allotment formula as detailed in the Prospectus, with reference to the unaudited NAV per Share as at the close of business on 15 February 2021.
The Company intends to allot New Shares, for successful applications related to the 2021/22 tax year, on or around 8 April 2021. The number of New Shares to be allotted to successful applicants will be determined by the allotment formula as detailed in the Prospectus with reference to the unaudited NAV per Share as at the close of business on 31 March 2021.
Unsuccessful applicants will be notified by The City Partnership (UK) Limited, the receiving agent to the Offer, as soon as practically possible, with application funds returned where applicable.
On 28 January 2021 the Company announced:
Unicorn AIM VCT plc (Company) has today launched an offer to raise up to £15 million through the subscription of up to a maximum of 15 million ordinary shares of 1p each (Offer). Full details of the Offer are contained in a prospectus (Prospectus), which was published by the Company today.
The Offer opens today and will close for applications at 5.30 p.m. on 29 March 2021 (or, if earlier, as soon as the Offer is fully subscribed or otherwise at the board’s discretion). Applications can be made for the 2020/2021 tax year and/or the 2021/2022 tax year.
Priority will be given to applications under the Offer received from existing shareholders by 5.30 p.m. on 11 February 2021 (but subject to receiving cleared funds in respect of the application by no later than 5.30 p.m. on 18 February 2021).
It is currently envisaged that there will be three allotments of shares pursuant to the Offer on 8 March 2021, 1 April 2021 (or, if earlier, following full subscription) and 6 April 2021. Allotment of shares may, however, be made more or less frequently at the discretion of the Board. Listing and commencement of dealings is expected to take place three business days following allotment.
Lodging of Application Forms
Unicorn AIM VCT plc is pleased to announce the availability of an online application service, ORA, for investors and financial intermediaries.
ORA provides investors and financial intermediaries with a means of submitting self-validating application forms online directly to the receiving agent, The City Partnership (UK) Ltd (“City”).
You may access ORA via the link below and should you have any questions regarding its use; please contact City on 01484 240 910 (Mon-Fri 9am-5.30pm) or at firstname.lastname@example.org.
Alternatively, completed Application Forms with the appropriate remittance must be posted or delivered by hand on a Business Day between 9.00 a.m. and 5.30 p.m. to:
The City Partnership (UK) Limited, Suite 2 Park Valley House, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH
Or submitted electronically to email@example.com
Please note you do not need to follow-up electronic submissions with original hard copies.