Amati AIM VCT succeeds with over-allotment fundraise

Total prospectus offer stands at £44m

Amati AIM VCT has raised a further £19m in an additional 'over-allotment' fundraising after its most recent prospectus offer became fully subscribed.

Following its most recent prospectus offer of new shares for the tax years 2019/2020 and 2020/2021, which had been fully suscribed at £25m, the board opened an 'over-allotment' on 17 August to create an opportunity for investors to secure new shares, which closed two months later on 16 October. Octopus opens £80m fundraise for UK's largest VCT The new round of fundraising secured a further £19m, which the firm said underlines the "continuing popularity of VCTs and investor confidence in Amati's proven experience", bringing the total raise for the prospectus offer to £44m. Initially...