Publication of a Prospectus
Summary by AI BETAClose X
14 September 2026
Pembroke VCT plc
Publication of Prospectus
Pembroke VCT plc (the "Company") has today published a prospectus (the "Prospectus") in relation to the offer for subscription of up to £40 million of B Ordinary Shares of 1p each in the capital of the Company with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the "Offer").
The deadline for the receipt of applications, subject to the Offer not being fully subscribed by an earlier date, is 10.00 am on 5 April 2027 in respect of the 2026/2027 tax year and 12 noon on 2 June 2027 in respect of the 2027/2028 tax year. The closing date of the Offer, and the deadline for receipt of applications for the final allotment with respect to the 2027/2028 tax year, may be extended by the Directors at their absolute discretion to a date no later than 13 September 2027.
The new B Ordinary Shares to be issued pursuant to the Offer will be listed on the Official List of the FCA and an application will be made to the London Stock Exchange for those B Ordinary Shares to be admitted to trading on its main market for listed securities. It is expected that new B Ordinary Shares will be issued throughout the period of the Offer until it closes.
Pursuant to an offer agreement dated 14 September 2026 relating to the Offer between, among others, the Company and Pembroke Investment Managers LLP ("PIM"), PIM, as promoter of the Offer, will receive a fee calculated on the value of each application for B Ordinary Shares under the Offer accepted by the Company as follows:
(i) 5.0% for investors who have invested directly into the Company or invested through an intermediary/platform and have not received advice;
(ii) 3.0% for investors who have invested in the Offer through an intermediary and have received upfront advice including investors who are investing through intermediaries/advisers using financial platforms,
or such lower percentage in each case as may be agreed by the Company and PIM.
As PIM is the Company's investment manager, PIM is a related party of the Company under the UK Listing Rules and the above offer agreement is a related party transaction falling within UK Listing Rule 8.2.1R. The board of the Company believes that the above arrangements are fair and reasonable as far as the shareholders of the Company are concerned and have been so advised by Howard Kennedy Corporate Services LLP, as sponsor in respect of the Offer.
A copy of the Prospectus is available, free of charge, from the registered office of the Company, which is at 223-231 Old Marylebone Road, London NW1 5QT.
A copy of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact
Andrew Wolfson / Chris Lewis
Pembroke Investment Managers LLP (Manager)
+44 20 7766 2860
Ben Harber FCG (Company Secretary)
Keith Lassman
Howard Kennedy Corporate Services LLP
keith.lassman@howardkennedy.com
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