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Puma VCT 13 PLC (PU13)


Wednesday 07 July, 2021

Puma VCT 13 PLC

Correction: Issue of Equity

RNS Number : 4411E
Puma VCT 13 PLC
07 July 2021

Puma VCT 13 plc


7 July 2021


Statement re Offer for Subscription and Correction of Issue of Equity Announcements

On 9 October 2020 the Company published a prospectus (the "Prospectus") in relation to an offer for subscription of ordinary shares of £0.0005 each in the Company ("Ordinary Shares") to raise up to £7,500,000, together with an over-allotment facility for up to a further £2,500,000.  The number of Ordinary Shares to be allotted to applicants under the Prospectus was to be determined by the application of an allotment formula, with the offer price per Ordinary Share to be derived from the last published NAV per Ordinary Share prior to the relevant allotment of shares.


Seven allotments of Ordinary Shares were made in relation to the Prospectus.


As a result of a miscalculation in the application of the allotment formula, a subscription price of £1.165 per Ordinary Share was used instead of £1.15 per Ordinary Share.  As a result of this, fewer Ordinary Shares were issued to investors in relation to their applications than should have been the case.  On discovering this, the Company has now issued an additional 113,257 Ordinary Shares to investors.  The receiving agent for the Company, SLC Registrars, will inform investors of their additional share entitlements in the next 10 business days.


Following the remedial action referred to above, a total of 8,797,815 Ordinary Shares have been issued by the Company pursuant to the Prospectus and the total number of Ordinary Shares now in issue is 28,276,987.  Therefore, the total number of voting rights in the Company is 28,276,987. 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 additional 113,257 Ordinary Shares so issued to be admitted to the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities, and dealings are expected to commence on or around 8 July 2021. Definitive documents of title are expected to be despatched within 10 business days of allotment.


For further information please contact:


Graham Shore

Puma VCT 13 plc

020 7408 4050



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