REG - Fuel Ventures VCT - Statement re Offer for Subscription

Fuel Ventures VCTAnnouncement

01/11/2024 07:00

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RNS Number : 5145K  Fuel Ventures VCT PLC  31 October 2024

Fuel Ventures VCT plc (the "Company")

Utilisation of over-allotment facility

 

On 15 December 2023 the Company launched an offer for subscription (the
"Offer") seeking to raise £10 million in aggregate initially.

Following the successful launch, with applications received to date
approaching £10 million and considering the continuing level of demand, the
Company has today confirmed the use of £5 million of the over-allotment
facility of £40 million included in the Offer. This increases the maximum
amount which can be raised under the Offer to £15 million in aggregate.

Of the monies already subscribed, a total of £2.79 million has been invested
in the following seven companies:

Hotel Manager (Remotioned Technologies Group Limited);

FundPath (Fundpath Limited);

SearchLand (Searchland Limited);

Lunio (PPC Protect Limited);

StudioSpace (Studiospace Technology Limited);

Wollit (Wollit Limited); and

Eleos (Eleos Life Limited).

The closing date of the Offer is Friday 29 November 2024.  Completed
paper/pdf/scanned (offline) applications with cleared funds have to be
received by no later than 5.00pm on 29 November 2024; and completed online
applications with cleared funds also have to be received by no later than
5.00pm on 29 November 2024.

The Prospectus is available from the Company's website:

www.fuel.ventures/vct-fund (http://www.fuel.ventures/vct-fund)

and is also available for inspection at the National Storage Mechanism, which
is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

For further information, please contact:

Stan Williams

Fuel Ventures VCT plc

stan@fuel.ventures (mailto:stan@fuel.ventures)

 

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com (mailto:enquiries@city.uk.com)

 

Keith Lassman

Howard Kennedy Corporate Services LLP

keith.lassman@howardkennedy.com (mailto:keith.lassman@howardkennedy.com)

 

 

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