REG - Calculus VCT - Publication of a Prospectus

Calculus VCTAnnouncement

03/10/2025 11:45

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RNS Number : 0335C  Calculus VCT PLC  03 October 2025

3 October 2025

 

CALCULUS VCT PLC (THE "COMPANY")

LEI: 2138005SMDWLMMNPVA90

 

PUBLICATION OF PROSPECTUS

 

The Company has today issued a prospectus relating to a proposed offer for
subscription for the tax years 2025/2026 and 2026/2027 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 2 October 2026 (unless
closed earlier 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. Pursuant to a Sponsor and Promoter
Agreement dated 3 October 2025 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.
Calculus Capital Limited is regarded as a related party of the Company under
the UK Listing Rules ("UKLR"), therefore the terms of this appointment
constitute a relevant related party transaction under UKLR 11.5.4R and 8.2.1R.

The Board considers that the transaction is fair and reasonable as far as the
Shareholders of the Company
(https://www.handbook.fca.org.uk/handbook/glossary/G190.html)  are concerned
and the Directors
(https://www.handbook.fca.org.uk/handbook/glossary/G296.html)  have been so
advised by its Sponsor, Howard Kennedy Corporate Services LLP, who
has provided the required written confirmation in accordance with UKLR
8.2.1R(3) (https://www.handbook.fca.org.uk/handbook/UKLR/8/2.html#D119) .

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

Francesca Rayneau

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