Fuel Ventures VCT plc (the
"Company")
Utilisation of over-allotment
facility
On 15 December 2023 the Company launched an
offer for subscription (the "Offer") seeking to raise £10 million
in aggregate initially.
Following the successful launch, with
applications received to date approaching £10 million and
considering the continuing level of demand, the Company has today
confirmed the use of £5 million of the over-allotment facility of
£40 million included in the Offer. This increases the maximum
amount which can be raised under the Offer to £15 million in
aggregate.
Of the monies already subscribed, a total of
£2.79 million has been invested in the following seven
companies:
Hotel Manager (Remotioned Technologies Group
Limited);
FundPath (Fundpath Limited);
SearchLand (Searchland Limited);
Lunio (PPC Protect Limited);
StudioSpace (Studiospace Technology
Limited);
Wollit (Wollit Limited); and
Eleos (Eleos Life Limited).
The closing date of the Offer is Friday 29
November 2024. Completed paper/pdf/scanned (offline)
applications with cleared funds have to be received by no later
than 5.00pm on 29 November 2024; and completed online applications
with cleared funds also have to be received by no later than 5.00pm
on 29 November 2024.
The Prospectus is available from the Company's
website:
www.fuel.ventures/vct-fund
and is also available for inspection at the
National Storage Mechanism, which is located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please
contact:
Stan Williams
Fuel Ventures VCT plc
stan@fuel.ventures
Robin Smeaton
The City Partnership (UK) Limited
(Company Secretary)
enquiries@city.uk.com
Keith Lassman
Howard Kennedy Corporate Services
LLP
keith.lassman@howardkennedy.com
