REG - Calculus VCT - Publication of a Prospectus

Calculus VCTAnnouncement

22/09/2023 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230922:nRSV4056Na&default-theme=true

RNS Number : 4056N  Calculus VCT PLC  22 September 2023

22 September 2023

 

Calculus VCT plc (the "Company")

Publication of Prospectus

 

The Company has today issued a prospectus relating to a proposed offer for
subscription for the tax years 2023/2024 and 2024/2025 to raise up to £10
million with an over-allotment facility of a further £10 million (the
"Offer"), following the approval of the prospectus by the Financial Conduct
Authority.

 

The Offer is now open and will close at 5.00 pm on 30 August 2024 (unless
closed earlier or extended at the discretion of the Board). Applications will
be accepted (in whole or part) at the discretion of the Board, but the Board
intends to meet applications on a 'first come, first served' basis.

 

In relation to the Offer, the Company's manager, Calculus Capital Limited, has
been appointed as promoter of the Offer. Calculus Capital Limited is regarded
as a related party of the Company under the Listing Rules, therefore the terms
of this appointment constitute a related party transaction under rule 11.1.10
of the Listing Rules.

Pursuant to a promoter agreement dated 22 September 2023 relating to the
Offer, Calculus Capital Limited will receive a fee of an amount up to a
maximum of 5.0% of the amount subscribed under the Offer by Investors for
acting as promoter of the Offer. The Company has obtained written confirmation
from its sponsor, Beaumont Cornish Limited, that the terms of the promoter
agreement are fair and reasonable as far as the shareholders of the Company
are concerned.

The Prospectus has been approved by the Financial Conduct Authority and will
shortly be available to view at the online viewing facility of the National
Storage Mechanism at the following website
address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://www.globenewswire.com/Tracker?data=ZgEJ84U9aCdGrBMIziWEER3NOMl5Tk38VAbnPa1fqjUwXZyJkBsSd88cGkHQUzMVe7x50WGrOIRrLCLDYUlZQCYlARpKsbfYLyYawLiuNer9GPHNF2QvV43-t0K_QHZ70o2wcJrTP_XydHi9_NhPB3S5vzrcZuG9zq7eZLGFuu4Bm_sV7dqK48IuyU6XeSxX)
.

 

Enquiries:

 

Calculus Capital Limited

020 7493 4940

Madeleine Ingram

 

Beaumont Cornish Limited, Sponsor

020 7628 3396

Roland Cornish

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PDIEAANAAEFDEFA