Amati Over-allotment
Posted: February 16th, 2022, 10:28 am
Hello all,
I’ve only ever subscribed to VCTs via an initial allocation, never via an over-allotment where such a significant amount of time has passed since the initial allocation (as is the case with Amati’s raise which opened this morning). The original raise was in July of 2021 when the NAV was 206p/sh, the most recent NAV is c 190p. My question is will the over-allotment be allocated at the old NAV or the most recent NAV? It wasn’t clear to me from the prospectus. I’m reluctant to invest if I’m taking such a NAV hit right off the bat.
Thanks all
Tuppy
I’ve only ever subscribed to VCTs via an initial allocation, never via an over-allotment where such a significant amount of time has passed since the initial allocation (as is the case with Amati’s raise which opened this morning). The original raise was in July of 2021 when the NAV was 206p/sh, the most recent NAV is c 190p. My question is will the over-allotment be allocated at the old NAV or the most recent NAV? It wasn’t clear to me from the prospectus. I’m reluctant to invest if I’m taking such a NAV hit right off the bat.
Thanks all
Tuppy