Issue of Equity

RNS Number : 9290B

Pembroke VCT PLC

05 October 2022

 

Pembroke VCT plc (the "Company")

Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the "Offer")

On 5 October 2022,  2,104,416   B 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 unaudited net asset value of a B Ordinary Share in the Company as at  30 June 2022 of 122.6p  per B Ordinary Share adjusted for a dividend of 5.0p per B Ordinary Share paid in July 2022.  The offer prices at which the Shares were issued and allotted ranged from  117.61p  to 125.57 p  per B Ordinary Share.

Following the allotment above, the total number of B Ordinary shares in issue is 169,393,658 .  Therefore, the total number of voting rights in the Company  is 169,393,658 .  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 19 October 2022.  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 shares issued pursuant to the Offer is 2,104,416   B Ordinary Shares. 

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]

Seven Hills PR

Gary O'Sullivan

0781 790 3406

[e-mail]

 

END

 

 

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