REG - Fuel Ventures VCT - Issue of Equity & Extension of Offer

Fuel Ventures VCTAnnouncement

04/04/2025 15:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250404:nRSD7773Da&default-theme=true

RNS Number : 7773D  Fuel Ventures VCT PLC  04 April 2025

Fuel Ventures VCT plc (the "Company")

Issue of Ordinary Shares of 1p each ("Ordinary Shares") pursuant to an Offer
for Subscription for up to £10 million of Ordinary Shares with an
over-allotment facility for up to a further £10 million of Ordinary Shares
(the "Offer")

On 4 April 2025, 927,104 Ordinary Shares (the "Shares") were allotted pursuant
to the Offer.  In accordance with the terms and conditions of the Offer, the
offer prices at which the Shares were allotted were calculated by reference to
the latest published NAV per Share. The offer prices at which the Shares were
issued and allotted ranged from 97.10p to 100.11p per Share.

Following the allotment above, the total number of Ordinary Shares in issue is
11,184,285 (including two original subscriber Ordinary Shares). Therefore, the
total number of voting rights in the Company is 11,184,285. 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 the 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.

Following this allotment, the total number of Ordinary Shares issued pursuant
to the Offer is 927,104 Ordinary Shares.

In addition, the Board of the Company is pleased to announce that the Offer
has been extended in accordance with the terms of the Offer to no later than 2
February 2026 at 3pm BST (or such earlier date as the Offer is fully
subscribed or as otherwise approved by the Board).

 

For further information, please contact:

Stan Williams

Fuel Ventures Limited (Partner)

stan@fuel.ventures

 

Keith Lassman

Howard Kennedy Corporate Services LLP

020 3755 5459

 

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com

 

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  IOESSMFLLEISEEL