Issue of Equity Replacement
This announcement replaces the announcement with RNS number: 5913H made on 9 October 2024 at 3.24pm for the issue of equity. The approximate date for the commencement of dealings was stated incorrectly.
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 9 October 2024, 1,610,329 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 2024 of 102.8p, adjusted for the dividend with a record date of 6 September 2024 and payable on 4 October 2024 of 2.0p per B Ordinary Share. The offer prices at which the Shares were issued and allotted ranged from 100.81p to 107.81p per B Ordinary Share.
Following the allotment above, the total number of B Ordinary Shares in issue is 218,641,514. Therefore, the total number of voting rights in the Company is 218,641,514. 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 27 November 2024. 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 1,610,329 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)
Keith Lassman
Howard Kennedy Corporate Services LLP
keith.lassman@howardkennedy.com
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