REG - Blackfinch SpringVCT - Issue of Equity

Blackfinch Spring VCTAnnouncement

04/04/2025 15:15

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RNS Number : 7749D  Blackfinch Spring VCT PLC  04 April 2025

 

Blackfinch Spring VCT plc (the "Company")

 

Issue of Ordinary Shares of £0.01 each ("Ordinary Shares") pursuant to an
Offer for Subscription of up to £20 million of Ordinary Shares with an
over-allotment facility for up to a further £20 million of Ordinary Shares,
pursuant to a prospectus dated 9 September 2024 (the "Offer")

 

 

The Company announces an allotment on 4 April 2025 in respect of 5,518,400
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 103.62p to 108.51p
per Ordinary Share.

 

Following this allotment, the number of Ordinary Shares in issue is 62,953,812
(including 2 Ordinary Shares issued as subscriber shares).

 

Therefore, the total number of voting rights in the Company is 62,953,812.
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 London Stock Exchange's
main market for listed securities will be made shortly and dealings are
expected to commence on or around 7 April 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.

 

 

 

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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