Gresham Ren 1a Regulatory News (GV1A)

24 Oct 2018 15:30

Hazel Renewable Energy VCT1 plc - Issue of Equity

Hazel Renewable Energy VCT1 plc LEI: 213800IVQHJXUQBAAC06

Issue of equity24 October 2018

The Directors of Hazel Renewable Energy VCT1 plc (“Hazel 1”) announce further allotments on 24 October 2018 pursuant to the Top Up Offers for Subscription that opened on 17 September 2018 (“Offers”) as follows:

Offer number	Share class	Average price per share	Number of shares allotted
1	Ordinary Shares of 0.1p each	124.50p	173,474
1	‘A’ Shares of 0.1p each	0.1p	173,474
2	Ordinary Shares of 0.1p each	125.22p	159,701
2	‘A’ Shares of 0.1p each	0.1p	159,701

The Offers are now closed.

Application for the shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly. Dealings are expected to commence on or around 30 October 2018.

As per the terms of the Offers, the Company also announces that it has allotted 656,880 A Shares to Gresham House Asset Management Limited (“Management Shares”) at an issue price of 0.1p per share as part of the Performance Incentive Scheme described in the Top Up Offers for Subscription document (“offer document”).

Following this allotment, the issued share capital (excluding shares held in Treasury) and total voting rights of the Company are as follows:

Share class	Issued share capital	Voting rightsper share	Voting rights
Ordinary Shares	25,779,290	1,000	25,779,290,000
‘A’ Shares	38,776,080	1	38,776,080
			25,818,066,080