Hargreave Hale AIM VCT 1

The existing Hargreave Hale AIM VCT 1 is raising a further £20 million, to be invested in AIM-listed companies.

Hargreave Hale AIM VCT 1 plc has issued a new share offer, to raise an additional £20 million with an over-allotment facility for a further £10 million.

This VCT, as the name suggests, will predominantly invest in companies listed on the Alternative Investment Market, the junior stock market in the UK. However, within the mandate it has the scope to invest in companies likely to list on the AIM market as well as private companies, offering them a broad investment universe.

 

About the manager

Hargreave Hale was established in 1988, following the merger of stockbroking business Marsden W Hargreave and Hargreave Investment Management, the latter having been founded by the current Chairman, and co-manager of the VCTs, Giles Hargreave. The business was converted to a limited company, having previously been a partnership, in 2001, at which point Investec purchased a 35% interest which remains the case today. Hargreave Hale offer a number of services including investment management and stockbroking to a range of clients.

In addition to these services, Hargreave Hale is a fund management firm, specialising in investing in small and mid-cap companies, predominantly in the UK, with a total of £8 billion of assets under management (as of ). More specifically, the small-cap team manages approximately £3 billion of assets, in which the two VCTs sit. The open-ended funds at Hargreave Hale are marketed under the Marlborough brand.

How to invest

All application forms should be sent to EQ Investors in order to qualify for the discounts. Please note that information on closing dates is provided by the VCT Managers. In practice offers may be over-subscribed earlier, or may be extended. During the two months prior to the end of the tax year we strongly recommend that applications are submitted to us as soon as possible to avoid disappointment.

Important Information

The information set out above is included for information purposes only and is not an offer or an invitation to buy or sell or a solicitation of an offer or invitation to buy or sell or enter into any agreement with respect to any security, product, service or investment. Any opinions expressed do not constitute investment advice and independent advice should be sought where appropriate. All information is current as of the date of publication, subject to change without notice, and may become outdated over time.

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Venture Capital Trusts should be regarded as higher risk investments, suitable only for experienced investors who are able to withstand losses.

Overview

VCT typeEvergreen
Offer typeTop-up
EQ discount1%
Closing date5 April 2019
31 Aug 2019
Raised / sought£22.9m / £25.0m
Min. investment£5,000