Hargreave Hale AIM VCT PLC Announces Allotment of New Shares

An update from Hargreave Hale AIM VCT 1 ( (GB:HHV) ) is now available.

Hargreave Hale AIM VCT PLC has announced the allotment of 391,947 new Ordinary Shares as part of a subscription offer to raise up to £20,000,000. The shares were priced at 34.82 pence each, based on the net asset value per share, and are expected to be admitted to the premium segment of the London Stock Exchange on or around 23 April 2025. This issuance increases the total number of Ordinary Shares to 372,843,202, which will impact shareholders’ voting rights calculations.

Spark’s Take on GB:HHV Stock

According to Spark, TipRanks’ AI Analyst, GB:HHV is a Underperform.

The overall stock score reflects significant financial challenges with negative profitability and cash flows, alongside bearish technical indicators. While the balance sheet is strong and the dividend yield is attractive, these strengths are overshadowed by the company’s ongoing operational difficulties and bearish market momentum.

To see Spark’s full report on GB:HHV stock, click here.

More about Hargreave Hale AIM VCT 1

YTD Price Performance: -10.24%

Average Trading Volume: 67,791

Technical Sentiment Signal: Strong Buy

See more data about HHV stock on TipRanks’ Stock Analysis page.