Issue of Equity

Puma Alpha VCT PLC
02 November 2023
 


 

Puma Alpha VCT plc


02 November 2023


Issue of Equity

 

The Directors of Puma Alpha VCT plc (the "Company") are pleased to announce that further to an offer for subscription (the "Offer") of ordinary shares of £0.01 each in the Company ("Ordinary Shares") to raise up to £15,000,000, together with an over-allotment facility for up to a further £5,000,000, as set out in a prospectus dated 29 November 2022 (the "Prospectus"), the Company has today made a final allotment of 532,203 Ordinary Shares pursuant to the Offer.

 

In accordance with the allotment formula set out in the Prospectus, the offer prices at which the Ordinary Shares were allotted were in the range of  £1.1850 to £1.2218 per Ordinary Share, calculated by reference to the most recently announced net asset value per Ordinary Share (being 123.5p (unaudited) as at 31 August 2023, as announced on 17 October 2023) adjusted for the upcoming dividend payment to shareholders expected on or about 10 November 2023.

 

The Offer is closed to further applications.

 

Following this allotment, a total of 7,074,071 Ordinary Shares have been issued by the Company pursuant to the Offer and the total number of Ordinary Shares in issue is 25,534,137. Therefore, the total number of voting rights in the Company is 25,534,137. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Application will be made for the Ordinary Shares so allotted to be admitted to the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities, and dealings are expected to commence on or around 2 November 2023. Definitive documents of title are expected to be despatched within 10 business days of allotment.

 

For further information please contact:

 

Eliot Kaye

Company Secretary

Puma Alpha VCT plc

020 7408 4050

 

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