Hazel Renewable Energy VCT1 plc - Offer Document Posted
Hazel Renewable Energy VCT1 plc
(the "Company")
LEI 213800IVQHJXUQBAAC06
Top-Up Offers for Subscription
18 September2018
The Company announces that it has published a top-up offers for subscription document (the “Top-Up Offers Documentâ€) in respect of two separate share offers to raise in aggregate up to £3.23 million, one relating to an offer for subscription for investors subscribing less than £100,000 (the “First Offerâ€) and one for investors subscribing £100,000 or more (the “Second Offer†and together the "Top-Up Offers"), for new Ordinary Shares and A Shares of 0.1p each (“New Sharesâ€).
The Top-Up Offers open on 17 September 2018 and will close on 3 April 2019 or as soon as the Top-Up Offers are fully subscribed or such earlier time as the directors of the Company in their absolute discretion may decide.
Pursuant to an agreement (the “Offer Agreementâ€) between the Company and Gresham House Asset Management Limited, the Companies' investment adviser (the "Investment Adviser"), acting as promoter of the Top-Up Offers, will receive a fee of:
- 4.0% of the gross funds raised under the Top-Up Offers from applications received through an intermediary to whom it is required to pay commission; and
- 2.0% of the gross funds raised under the Top-Up Offers from applications received where no commission is payable.
Out of the fee, the Investment Adviser will pay all costs of the Top-Up Offers, including any commissions relating to execution-only transactions (excluding trail commission) and also listing expenses.
A copy of the Top-Up Offers Document is available free of charge from the registered office of the Companies or from:
Gresham House Asset Management Limited
5 Cheapside
London EC2V 6AA
E: l.darbourne@greshamhouse.com
T: 020 3837 6270
A downloadable version of the Top-Up Offers Document is also available from:
newenergy.greshamhouse.com/vct/
A copy of the Top-Up Offers Document will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address:
http://www.morningstar.co.uk/uk/NSM
If investors have any questions regarding this investment they should contact their financial adviser. For questions relating to an application, please contact Lizzie Darbourne at Gresham House (details above).
© 2018 GlobeNewswire, Inc. All Rights Reserved.