Issue of Equity and Total Voting Rights

Seneca Growth Capital VCT

09/08/2024 15:20

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Seneca Growth Capital VCT Plc (the "Company")

9 August 2024

Issue of Equity and Total Voting Rights

The Company announces that it has today allotted and issued 122,182 new B
ordinary shares of 1p each in the Company (“B Shares”).

The shares were issued pursuant to an offer for subscription for B Shares
launched on 24 August 2023 to raise, in aggregate, up to £10 million with an
over-allotment facility of up to a further £10 million (before issue costs)
(the "Offer").

Pursuant to the Offer, and the £71,500 of valid applications received since
30 April 2024 (the cut-off date for the last allotment of shares made on 1 May
2024), and up to and including 8 August 2024 in respect of the 2024/2025 tax
year, the Company has today allotted and issued 122,182 B Shares. In
accordance with the allotment formula set out in the prospectus for the Offer,
the B Shares have been allotted at the offer prices in the range of 57.8p to
58.7p per share, calculated by reference to the unaudited net asset value of a
B Share as at 30 June 2024 (56.9p per B Share as announced on 25 July 2024).

As a result of this allotment, the number of shares now in issue is 8,115,376
ordinary shares of 1p each and 23,678,417 B Shares. Therefore, the total
number of voting rights in the Company is 31,793,793.

In respect of this allotment, an application will be made by the Company to
the Financial Conduct Authority and to the London Stock Exchange for the B
Shares so issued to be admitted to the Official List and to trading on the
London Stock Exchange's main market for listed securities. It is expected that
the admission of the B Shares will become effective and dealings will commence
on or around 19 August 2024.

The above statement of voting capital may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest, or a change to their interest, in the
Company under the FCA's Disclosure Guidance and Transparency Rules.

The Offer is now closed to further applications. The Company announces that
under the Offer it received and accepted valid applications to the value of
£2,089,866.25 (before issue costs).

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
law by virtue of the European (Withdrawal) Act 2018, as amended. On
publication of this announcement via a regulatory information service, this
information is considered to be in the public domain.

For further information, please contact:

Richard Manley, Seneca Growth Capital VCT Plc at
Richard.Manley@senecapartners.co.uk

Siobhan Pycroft, Seneca Partners Limited at
Siobhan.Pycroft@senecapartners.co.uk