REG - Puma Alpha VCT PLC - Publication of a Prospectus

Puma Alpha VCTAnnouncement

Tue 11:45

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RNS Number : 8586K  Puma Alpha VCT PLC  09 December 2025

 

Puma Alpha VCT plc (the "Company")

 

9 December 2025

 

Publication of Prospectus

 

The Company has issued a prospectus dated 9 December 2025 relating to an offer
for subscription for ordinary shares of £0.01 each in the Company to raise up
to £20,000,000, with an over-allotment facility for up to a further
£10,000,000 (the "Offer"), following approval from the Financial Conduct
Authority.

 

The Offer is now open and is expected to close no later than 2 April 2026 for
shares to be allotted in the 2025/26 tax year and, if the Offer is extended
beyond that date by the directors of the Company (the "Directors"), no later
than 26 November 2026 for shares to be allotted in the 2026/27 tax year
(unless fully subscribed by an earlier date or previously extended by the
Directors to no later than 1 December 2026).

 

Pursuant to an offer agreement dated 9 December 2025 relating to the Offer
between, among others, the Company and Puma Investment Management Limited
("PIML"), PIML, as the promoter of the Offer, will receive a promoter fee of
up to 3% of the aggregate amount received by the Company under the Offer.
PIML, as the investment manager of the Company, is a related party of the
Company under UK Listing Rule 11.5.3R, and the payment of such a fee by the
Company to PIML is a relevant related party transaction of an adequate size
under UK Listing Rule 11.5.4R for UK Listing Rule 8.2.1R(1) to (4) to apply.
The Board considers this transaction fair and reasonable as far as the
shareholders of the Company are concerned and the Directors have been provided
with written confirmation of this by the Company's sponsor, Howard Kennedy
Corporate Services LLP.

 

A copy of the Prospectus has been submitted to the National Storage Mechanism
and will shortly be available for viewing online at the following website
address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Copies of the Prospectus are also available free of charge from the office of
the Company's investment manager, Puma Investment Management Limited, Cassini
House, 57 St James's Street, London SW1A 1LD.

 

For further information please contact Rupert West on 020 7408 4050.

 

 

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