Calculus VCT PLC Issue of Equity (9682B)
07 April 2017 - 11:41PM
UK Regulatory
TIDMCLC
RNS Number : 9682B
Calculus VCT PLC
07 April 2017
Calculus VCT plc
7 April 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 160,810 D Shares in respect of the 2017/2018 tax year
has taken place today at an average issue price of 96.39p 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 or around 13 April
2017.
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 7,672,507 7,672,507 1
Total voting
rights 14,342,065 14,342,065 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, Kate Cornish-Bowden, a director
of the Company, subscribed for 10,491 new D 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 Miss Cornish-Bowden for 24,375 shares on 3 May
2016, exceeds the 0.25% de minimis threshold as set out in
LR11.1.10R.
Miss Cornish-Bowden'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 Miss Cornish-Bowden has 34,866 D
shares, amounting to 0.45 per cent of the D shares in issue, and
10,000 C shares, together amounting to 0.31 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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