Hygea VCT plc Issue Of Equity
08 October 2019 - 11:55PM
UK Regulatory
TIDMHYG
Seneca Growth Capital VCT Plc (the "Company")
8 October 2019
Issue of Equity
The Company announces that it has today allotted and issued 665,105 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 16 July 2019 to raise, in aggregate, up to GBP10
million with an over-allotment facility of up to a further GBP10 million
(before issue costs) (the "Offer").
Pursuant to the Offer, and the GBP634,000 of valid applications received
up to and including 30 September 2019 in respect of the 2019/2020 tax
year, the Company has today allotted and issued 665,105 B Shares. In
accordance with the allotment formula set out in the prospectus for the
Offer, the B Shares have been allotted at offer prices in the range of
95.2p to 96.7p per share, calculated by reference to the unaudited net
asset value of a B Share as at 30 September 2019 (95.2p per B Share as
announced on 8 October 2019).
As a result of this allotment, the number of shares now in issue is
8,115,376 Ordinary shares of 1p each and 6,052,769 B Shares. Therefore,
the total number of voting rights in the Company is 14,168,145.
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 17 October
2019.
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.
For further information, please contact:
John Hustler, Seneca Growth Capital VCT Plc at
john.hustler@btconnect.com
Richard Manley, Seneca Growth Capital VCT Plc at
Richard.Manley@senecapartners.co.uk
Any enquiries in respect of the Offer should be directed to:
John Davies
Seneca Partners Limited
01942 295 981
John.Davies@senecapartners.co.uk
(END) Dow Jones Newswires
October 08, 2019 08:55 ET (12:55 GMT)
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