Issue of Equity and TVR

Summary by AI BETAClose X

Pembroke VCT PLC announced the allotment of 4,661,219 B Ordinary Shares on October 23, 2025, pursuant to an offer for subscription of up to £40 million with an over-allotment facility for up to a further £20 million. The offer prices for the shares ranged from 98.50p to 103.68p per share, calculated by reference to the unaudited net asset value as at June 30, 2025, of 98.5p per B Ordinary Share. Following this allotment, the total number of B Ordinary Shares in issue is 263,071,394, representing the total number of voting rights in the company. Application has been made for the shares to be admitted to the Official List, with dealings expected to commence around October 30, 2025.

Disclaimer*

Pembroke VCT PLC
23 October 2025
 

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 23 October 2025, 4,661,219 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 30th June 2025 of 98.5p per B Ordinary Share.  The offer prices at which the Shares were issued and allotted ranged from 98.50p to 103.68p per B Ordinary Share.

Following the allotment above, the total number of B Ordinary Shares in issue is 263,071,394.  Therefore, the total number of voting rights in the Company is 263,071,394.  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 30 October 2025.  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 4,661,219 B Ordinary Shares. 

 

 

 

For further information, please contact:

 

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

 

Ben Harber FCG (Company Secretary)

benh@woodhamcorpservices.com

 

Keith Lassman

Howard Kennedy Corporate Services LLP

keith.lassman@howardkennedy.com 

 

 

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Pembroke Vct B (PEMB)
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