REG - Pembroke VCT PLC - Issue of Equity

Pembroke VCTAnnouncement

27/03/2024 16:00

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RNS Number : 5712I  Pembroke VCT PLC  27 March 2024

Pembroke VCT plc (the "Company")

 

Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an
Offer for Subscription for up to £40 million of B Ordinary Shares with an
over-allotment facility for up to a further £20 million of B Ordinary Shares
(the "Offer")

 

 

On 27 March 2024, 2,315,499 B 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 unaudited net asset value of a B Ordinary Share in the
Company as at 31 December 2023 of 105.20p, adjusted for the dividend with a
record date of 22 March 2024 and payable on 23 April 2024 of 2.00p per B
Ordinary Share.  The offer prices at which the Shares were issued and
allotted ranged from 103.20p to 111.58p per B Ordinary Share.

 

Following the allotment above, the total number of B Ordinary Shares in issue
is 214,268,418.  Therefore, the total number of voting rights in the
Company is 214,268,418.  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 4 April 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.

 

Following this allotment, the total number of shares issued pursuant to the
Offer is 25,570,726 B Ordinary Shares.

 

 

 

For further information, please contact:

 

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

 

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)

 

Seven Hills

Leigh Marshall

M: +44 7388 003595 (tel:+447789686132)

E: pembroke@wearesevenhills.com (mailto:pembroke@wearesevenhills.com)

 

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