Offer for Subscription

RNS Number : 9696H

Puma Alpha VCT PLC

29 November 2022

 

Puma Alpha VCT plc (the "Company")

Offer for Subscription

A prospectus relating to an offer for subscription of up to £15,000,000 of ordinary shares of £0.01 each, payable in full in cash on application, together with an over-allotment facility for up to a further £5,000,000 of ordinary shares (the "Offer"), was issued by the Company on 29 November 2022 (the "Prospectus").

The Offer will open on 29 November 2022 and is expected to close no later than 5 April 2023 for shares to be allotted in the 2022/23 tax year and   no later than 31 October 2023 for shares to be allotted in the 2023/24 tax year (unless fully subscribed by an earlier date or previously extended by the directors to no later than 27 November 2023).

Pursuant to an offer agreement dated 29 November 2022 relating to the Offer between, among others, the Company and Puma Investment Management Limited ( " PIML " ) , PIML, as the promoter of the Offer, will receive commission of 3% of the aggregate amount received by the Company under the Offer. PIML, as the investment manager of the Company, is a related party of the Company under the Listing Rules, and the payment of such a commission by the Company to PIML is a related party transaction to which Listing Rule 11.1.10R applies.

A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Copies of the Prospectus are also available free of charge from the office of the Company's investment manager, Puma Investment Management Limited, Cassini House, 57 St James's Street, London SW1A 1LD.

For further information please contact Rupert West on 020 7408 4050.

 

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