Issue of Equity

RNS Number : 5839O
Pembroke VCT PLC
01 February 2023
 

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 31 January 2023,  2,654,851   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 September 2022 of 117.7p  per B Ordinary Share.  The offer prices at which the Shares were issued and allotted ranged from  120.10p  to 126.36 per B Ordinary Share.

 

Following the allotment above, the total number of B Ordinary shares in issue is 178,842,345 .  Therefore, the total number of voting rights in the Company  is  178,842,345 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 7 February 2023.  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 11,553,103   B Ordinary Shares. 

 

 

 

For further information, please contact :

 

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

 

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com

 

Keith Lassman

Howard Kennedy Corporate Services LLP

+44 20 3755 5561

 

Seven Hills PR

Gary O'Sullivan

0781 790 3406

gary.osullivan@wearesevenhills.com

 

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