REG - Blackfinch SpringVCT - Issue of Equity

Blackfinch Spring VCTAnnouncement

01/03/2023 14:00

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RNS Number : 5561R  Blackfinch Spring VCT PLC  01 March 2023

 

Blackfinch Spring VCT plc (the "Company")

 

Issue of Ordinary Shares of £0.01 each ("Ordinary Shares") pursuant to an
Offer for Subscription dated 2 September 2022 of up to £20 million of
Ordinary Shares with an over-allotment facility for up to a further £10
million of Ordinary Shares (the "Offer")

 

 

The Company announces an allotment on 28 February 2023 in respect of 985,495
Ordinary Shares pursuant to the Offer.  In accordance with the Offer Price
set out in the prospectus containing details of the Offer, the subscription
prices at which Ordinary Shares were allotted ranged from 90.85p to 94.16p per
Ordinary Share.

 

Following this allotment, the number of Ordinary Shares in issue is 23,200,013
(including 2 Ordinary Shares issued as subscriber shares).

 

Therefore, the total number of voting rights in the Company is 23,200,013.
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 these Ordinary Shares to be admitted to the Official List of
the Financial Conduct Authority and to trading on the premium segment of the
London Stock Exchange's main market for listed securities will be made shortly
and dealings are expected to commence on or around 7 March 2023.  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.

 

 

 

For further information, please contact:

 

Blackfinch Investments Limited (Investment Manager)

01452 717070

 

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com (mailto:enquiries@city.uk.com)

 

 

 

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