REG - Praetura Growth VCT - Issue of Equity

Praetura Growth VCTAnnouncement

19/03/2025 15:30

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RNS Number : 3511B  Praetura Growth VCT Plc  19 March 2025

Praetura Growth VCT plc

Issue of Ordinary Shares

LEI: 9845004ZDC57AB064B97

On 8 November 2024, Praetura Growth VCT plc (the "Company") issued a
prospectus (the "Prospectus") relating to an offer for subscription of up to
£10 million of ordinary shares of £0.01 each ("Ordinary Shares"), together
with an over-allotment facility of up to a further £10 million of Ordinary
Shares (the "Offer").

The Board of the Company are pleased to announce that, pursuant to the Offer:

·      on 19 March 2025, 515,188 Ordinary Shares were allotted in
relation to the 2024/25 tax year (the "Allotment").

In accordance with the terms and conditions of the Offer, the offer prices at
which the Ordinary Shares were allotted ranged from 95.97p to 96.99p per
Ordinary Share and were calculated by reference to the latest published NAV
per Ordinary Share in the Company being 95.97p per Ordinary Share.

Following the Allotment, the total number of Ordinary Shares in issue is
4,733,270 (including one original subscriber Ordinary Share). Therefore, the
total number of voting rights in the Company is 4,733,270. 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 Ordinary 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 21 March 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.

 

For further information, please contact:

Sam McArthur

Praetura Ventures Limited (Investment Manager)

sam.mcarthur@praetura.co.uk

 

Marc Proudfoot

Howard Kennedy Corporate Services LLP

020 3755 5459

 

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