Replacement - Result of Conversion of Shares

RNS Number : 8269X

Pembroke VCT PLC

02 September 2020

 

This announcement replaces the announcement with RNS number: 2384X made on 26 August 2020 at 1.35pm for the Result of Conversion of shares.  The total number of B Ordinary shares in issue following the conversion were stated incorrectly.

Pembroke VCT plc (the "Company")

Result of Conversion of Shares

Further to the resolutions passed at the General Meeting and Ordinary Share Class Meeting of the Company held on 14 August 2020, the conversion (the "Conversion") of the Company's Ordinary Shares into B Ordinary Shares took place on 26 August 2020 in accordance with the Company's articles of association (the "Articles").

The Ordinary Share Conversion Ratio (as defined in the Articles) for the purpose of the Conversion calculation was 1.039713483 and was based on the audited net asset values of the Ordinary Shares and B Ordinary Shares as at 31 March 2020 of 114.67p and 110.29p respectively. 

Under the Conversion the Company's 18,099,948 Ordinary Shares were converted into 18,818,759 B Ordinary Shares.

Application has been made for the admission of the 18,818,759 B Ordinary Shares referred to above to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's main market for listed securities, which is expected to take place on 27 August 2020. Application will now be made for the removal from the Official List of the Financial Conduct Authority of the Ordinary Shares.

Following the Conversion, the issued share capital of the Company is 100,185,546 B Ordinary Shares.

For further details about the Company please either visit the Company's website:

Pembroke VCT plc www.pembrokevct.com  

or contact:

Pembroke Investment Managers LLP (Manager)

020 7766 2836

Andrew Wolfson

The City Partnership (UK) Limited (Company Secretary)

[e-mail]

Robin Smeaton

Share Communications

07866 639014

Zoe Powell

 

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