Issue of Equity

Guinness VCT PLC

03 July 2024

 

Guinness VCT plc (the "Company")

Issue of Ordinary Shares of 1p each ("Ordinary Shares") pursuant to an Offer for Subscription for up to £10 million of Ordinary Shares with an over-allotment facility for up to a further £5 million of Ordinary Shares (the "Offer")

On 28 June 2024, 263,234 Ordinary Shares (the "Shares") were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer prices at which the Shares were allotted were calculated by reference to the latest published NAV per Share.  The offer prices at which the Shares were issued and allotted ranged from 99.07p to 101.67p per Ordinary Share.

The Offer closed for further applications on 28 June 2024 and this is the final allotment under the Offer.

Following the allotment above, the total number of Ordinary Shares in issue is 7,665,702 (including one Ordinary Share issued as a subscriber share).  Therefore, the total number of voting rights in the Company is 7,665,702.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Application for the Shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities will be made shortly and dealings are expected to commence on or around 5 July 2024.  CREST accounts are expected to be credited as soon as practicable following the allotment and definitive documents of title are expected to be dispatched within ten business days of allotment.

Following this allotment, the total number of Ordinary Shares issued pursuant to the Offer is 3,220,241 Ordinary Shares. 

For further information, please contact:

Hugo Vaux

Guinness Asset Management Limited (Manager)

[e-mail]

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

[e-mail]

Keith Lassman

Howard Kennedy Corporate Services LLP

[e-mail] 

Alex Collins

Panmure Gordon (UK) Limited (Corporate Broker)

[e-mail]

 

END