HAMPDEN REACHES MINIMUM SUBSCRIPTION LEVEL, EXTENDS OFFER

UK-based Hampden Underwriting, which provides limited liability access to subsidiary underwriting operation Hampden Corporate member Ltd (HCM) said this morning that applications under its recent offer for subscription had exceeded the minimum required £4m and that the offer would be extended to September 28. The company’s shares will be admitted to the Alternative Investment Market (AIM) from tomorrow, September 4. When it announced the offer in August, Hampden said that it planned to raise up to £15m through its AIM initial public offering and that Hampden Capital PLC would be investing £1m in the operation. The offer had a minimum investment of £3,000.