REG - Puma Alpha VCT PLC - Issue of Equity

Puma Alpha VCTAnnouncement

02/11/2023 14:00

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RNS Number : 2365S  Puma Alpha VCT PLC  02 November 2023

 

Puma Alpha VCT plc

02 November 2023

Issue of Equity

 

The Directors of Puma Alpha VCT plc (the "Company") are pleased to announce
that further to an offer for subscription (the "Offer") of ordinary shares of
£0.01 each in the Company ("Ordinary Shares") to raise up to £15,000,000,
together with an over-allotment facility for up to a further £5,000,000, as
set out in a prospectus dated 29 November 2022 (the "Prospectus"), the Company
has today made a final allotment of 532,203 Ordinary Shares pursuant to the
Offer.

 

In accordance with the allotment formula set out in the Prospectus, the offer
prices at which the Ordinary Shares were allotted were in the range of
 £1.1850 to £1.2218 per Ordinary Share, calculated by reference to the most
recently announced net asset value per Ordinary Share (being 123.5p
(unaudited) as at 31 August 2023, as announced on 17 October 2023) adjusted
for the upcoming dividend payment to shareholders expected on or about 10
November 2023.

 

The Offer is closed to further applications.

 

Following this allotment, a total of 7,074,071 Ordinary Shares have been
issued by the Company pursuant to the Offer and the total number of Ordinary
Shares in issue is 25,534,137. Therefore, the total number of voting rights in
the Company is 25,534,137. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

Application will be made for the Ordinary Shares so allotted to be admitted to
the Official List of the FCA and to trading on the London Stock Exchange's
main market for listed securities, and dealings are expected to commence on or
around 2 November 2023. Definitive documents of title are expected to be
despatched within 10 business days of allotment.

 

For further information please contact:

 

Eliot Kaye

Company Secretary

Puma Alpha VCT plc

020 7408 4050

 

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