Investment Exit & Special Dividend

RNS Number : 2818Y

Pembroke VCT PLC

11 May 2021

 

11 May 2021

Pembroke VCT plc

Investment Exit and Declaration of Special Dividend

In June 2013, Pembroke VCT plc (the "Company") first invested in Plenish, the plant-based milks, cold-pressed juices and shots company. Since then, Plenish has continued to grow and the Company made further investments to support the founder Kara and her team with this growth.

Plenish has now been sold to Britvic plc and the Company's board of directors ("Board") is pleased to announce that the Company has received a 2.3x return. 

The Board has resolved to pay a special dividend of 4.0 pence per B-Ordinary share on 21 June 2021. The record date for the interim dividend is 21 May 2021, t he ex-dividend date is 20 May 2021 and the last date for receipt of elections in respect of the interim dividend under the Company's dividend investment scheme is 7 June 2021.

In addition, the Board will be recommending to the forthcoming AGM a final dividend of 3.0 pence per B-Ordinary share to be paid on 22 November 2021 which would have a record date of 22 October 2021, an ex-dividend date of 21 October 2021 and a last date for receipt of elections under the Company's dividend investment scheme of 5 November 2021.

For further information, please contact:

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

[phone]

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

[e-mail]

Keith Lassman

Howard Kennedy Corporate Services LLP

[phone]

Media enquiries (Press Office)

Zoe Powell

Share Communications

[e-mail]

 

END

 

 

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