REG - Fuel Ventures VCT - Issue of Equity

Fuel Ventures VCTAnnouncement

05/12/2024 07:00

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RNS Number : 8667O  Fuel Ventures VCT PLC  05 December 2024

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 £40 million of Ordinary Shares
(the "Offer")

On 4 December 2024, 1,780,892 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 (assumed to be 100p per Share
or last published NAV per Share, if any such revised NAV is announced during
the Offer). The offer price at which the Shares were issued and allotted is
100.00p per Ordinary Share.

As announced on 31 July 2024, the Offer closed for further applications at
5.00pm on 29 November 2024 and this is the final allotment under the Offer,
having raised in excess of £10m under the Company's first fund raise since
launch

Following the allotment above, the total number of Ordinary Shares in issue is
10,257,181 (including two original subscriber Ordinary Shares). Therefore, the
total number of voting rights in the Company is 10,257,181. 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 13 December 2024. 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:

Stan Williams

Fuel Ventures Limited (Partner)

stan@fuel.ventures

 

Marc Proudfoot

Howard Kennedy Corporate Services LLP

020 3755 5459

 

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com

 

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