Calculus VCT PLC Issue of Equity (6161V)
31 January 2017 - 11:12PM
UK Regulatory
TIDMCLC
RNS Number : 6161V
Calculus VCT PLC
31 January 2017
Calculus VCT plc
31 January 2017
Offer and Issue of Equity
The Board of Calculus VCT plc is pleased to announce that, in
connection with the offer for subscription for D ordinary shares of
1p each ("D Shares") that opened on 25 November 2016 ("Offer"), an
allotment of 3,084,573 D Shares in respect of the 2016/2017 tax
year has taken place today at an average issue price of 96.49p per
share. Application for the D Shares to be admitted to the Official
List of the UK Listing Authority and to trading on the London Stock
Exchange's main market for listed securities has been made and it
is expected that admission will take place on 2 February 2017.
Applications in respect of the 2016/2017 tax year may continue
be lodged until 5.00 p.m. on 3 April 2016, unless the offer is
closed earlier, by delivery to the offices of the receiving agent,
The City Partnership (UK) Limited, 110 George Street, Edinburgh EH2
4LH.
Following this allotment, the issued share capital and total
voting rights of the Company comprises:
Number of Voting rights Votes per
shares in share
issue
Ordinary shares
of 1p each 4,738,463 4,738,463 1
C shares of 1p each 1,931,095 1,931,095 1
D shares of 1p each 6,898,128 6,898,128 1
Total voting rights 13,567,686 13,567,686 1
The above total number of voting rights should be used by
shareholders as the denominator for calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure
and Transparency Rules.
Included in the above allotment, John Glencross, a director of
the Company, subscribed for 10,491 new ordinary shares at 95.32p
per share (a subscription of GBP10,000). This transaction falls as
a smaller related party transaction within the definition of
Listing Rule 11.1.10R because this dealing, when aggregated with a
subscription by Mr Glencross for 9,700 shares on 9 March 2016,
exceeds the 0.25% de minimis threshold as set out in
LR11.1.10R.
Mr Glencross's shares were acquired on the same terms as, and on
no more favourable a basis than, those shares subscribed for by
other investors in this allotment.
SPARK Advisory Partners Limited, the Company's sponsor, has
provided written confirmation that the terms of the agreement are
fair and reasonable so far as the shareholders of the Company are
concerned.
Following this transaction Mr Glencross has 20,191 D shares,
amounting to 0.29 per cent of the D shares in issue, and 25,000
Ordinary shares, together amounting to 0.33 per cent of the total
shares in issue, in each case as enlarged by today's allotment.
Calculus Capital Limited
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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