REG - Puma VCT 13 PLC - Publication of a Prospectus

Puma VCT 13Announcement

24/09/2025 11:30

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RNS Number : 6533A  Puma VCT 13 PLC  24 September 2025

 

Puma VCT 13 plc (the "Company")

 

24 September 2025

 

Publication of Prospectus

 

The Company has issued a prospectus dated 24 September 2025 relating to a
proposed offer for subscription for ordinary shares of £0.0005 each in the
Company to raise up to £50 million with an over-allotment of up to a further
£20 million (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, no later than 11 September 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 16 September
2026).

 

Pursuant to an offer agreement dated 24 September 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 11.5.4R, 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 to apply. The Board
considers this transaction fair and reasonable as far as the shareholders of
the Company are concerned and 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 0207 408 4050.

 

 

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