Issue of Equity

Summary by AI ^BETAClose X

Puma Alpha VCT plc has made an initial allotment of 611,338 ordinary shares at prices ranging from £0.8888 to £0.9446 per share, based on the unaudited net asset value of 88.88p as of 28 February 2026. This allotment, part of an offer to raise up to £20,000,000 with an additional £10,000,000 over-allotment facility, brings the total number of issued ordinary shares to 35,885,266. These new shares are expected to be admitted to the London Stock Exchange's main market for listed securities and commence dealings on or around 2 April 2026.

Disclaimer*

Puma Alpha VCT PLC

01 April 2026

Puma Alpha VCT plc

1 April 2026

Issue of Equity

The Directors of Puma Alpha VCT plc (the "Company") are pleased to announce that further to an offer for subscription (the "Offer") of ordinary shares of £0.01 each in the Company ("Ordinary Shares") to raise up to £20,000,000, together with an over-allotment facility for up to a further £10,000,000, as set out in a prospectus dated 9 December 2025 (the "Prospectus"), the Company has today made an initial allotment of 611,338 Ordinary Shares pursuant to the Offer.

In accordance with the allotment formula set out in the Prospectus, the offer prices at which the Ordinary Shares were allotted were in the range of £0.8888 to £0.9446 per Ordinary Share, calculated by reference to the most recently announced net asset value per Ordinary Share (being 88.88p (unaudited) as at 28 February 2026, as published on 25 March 2026).

Following this allotment, the total number of Ordinary Shares in issue is 35,885,266. Therefore, the total number of voting rights in the Company is 35,885,266. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Application will be made for the Ordinary Shares so allotted to be admitted to the London Stock Exchange's main market for listed securities, and dealings are expected to commence on or around 2 April 2026. Definitive documents of title are expected to be despatched within 10 business days of allotment.

For further information please contact:

Eliot Kaye

Company Secretary

Puma Alpha VCT plc

020 7468 7900

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