Results of the Issue and Total Voting Rights

Strategic Equity Capital plc

Results of the Issue and Total Voting Rights

4 August 2015

Further to the announcement made by the Company earlier today, the Board of Directors is pleased to announce that the Company has raised £9.1 million before expenses pursuant to a non-pre-emptive placing of 4 million new ordinary shares (the “Shares”) at an issue price of 227.5 pence per Share under the Company’s Share Issuance Programme (the “Issue”).  The Issue was over-subscribed.

Commenting on the result of the Issue, Richard Hills, the chairman of the Company, said:

“We are delighted with the result of the Issue and the support shown for the Company’s investment strategy.”

The net proceeds of the Issue will be applied for general corporate purposes and to make further investments in accordance with the Company’s investment policy.

Application for listing and admission to trading

Application has been made to the Financial Conduct Authority for admission of the Shares to the premium segment of the Official List of the FCA and to London Stock Exchange plc for admission to trading of the Shares on its main market for listed securities (together, “Admission”). It is expected that Admission will become effective on 6 August 2015 and that dealings in the Shares on the London Stock Exchange’s main market for listed securities will commence at that time.

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 66,583,891 ordinary shares with voting rights.  This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules.

Capitalised terms shall have the meanings attributed to them in the prospectus published by the Company in connection with the Share Issuance Programme on 3 August 2015 (the “Prospectus”) unless otherwise stated.

Enquiries:

GVQ Investment Management Limited 020 3824 4500

Stuart Widdowson
Theresa Russell

Canaccord Genuity Limited 020 7523 8000

Andrew Zychowski
Lucy Lewis
Will Barnett

Capital Sinclair Henderson Limited (Secretary)  01392 412 122

Important notices

Canaccord Genuity Limited, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to the respective clients of Canaccord Genuity Limited, or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by any member of the Company's group or Canaccord Genuity Limited or any of their respective directors, officers, employees or agents.  Subject to the Listing Rules and/or the Prospectus Rules and/or the Disclosure and Transparency Rules and/or the Takeover Code and/or FSMA, neither the delivery of this announcement nor any subscription or acquisition made under it shall, in any circumstances, create any implication that there has been no change in the affairs of the Company since the date of this announcement or that the information in it is correct as of any subsequent date.

This announcement is for information only and does not constitute investment advice in any jurisdiction.

The distribution of this announcement and other documents and/or information in connection with the Admission in other jurisdictions may be restricted by law and therefore neither this announcement nor any other documents and/or information in connection with Admission may be published, distributed or transmitted by any means or media directly or indirectly, in whole or in parts in or into any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession any document and/or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions. This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer would be unlawful. In particular, this announcement does not constitute an offer to buy securities, and it is not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia, the Republic of South Africa, or Japan.

The Shares have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, US Persons (as defined in Regulation S under the Securities Act). In addition, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and the recipient of this document will not be entitled to the benefits of that Act. This document should not be distributed into the United States or to US Persons.