Pembroke
VCT plc (the "Company")
Issue of
B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an
Offer for Subscription for up to £40 million of B Ordinary Shares
with an over-allotment facility for up to a further £20 million of
B Ordinary Shares (the "Offer")
On 8 May 2024, 134,975
B Ordinary Shares (the "Shares") were allotted
pursuant to the Offer. In accordance with the terms and conditions
of the Offer, the offer prices at which the Shares were allotted
were calculated by reference to the unaudited net asset value of a
B Ordinary Share in the Company as at 31 December 2023 of 105.20p, adjusted
for the dividend with a record date of 22 March 2024 and payable on
23 April 2024 of 2.00p per B Ordinary Share. The offer prices at which the Shares were issued and
allotted ranged from 103.22p to 108.63p per B Ordinary
Share.
As announced on 1 May 2024, the
Offer closed for further applications at 5.00pm on 7 May 2024 and
this is the final allotment under the Offer.
Following the allotment above, the
total number of B Ordinary Shares in issue
is 219,673,270. Therefore, the total
number of voting rights in the Company is 219,673,270. This figure may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change of interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.
Application for the Shares to be
admitted to the Official List of the Financial Conduct Authority
and to trading on the London Stock Exchange's main market for
listed securities will be made shortly and dealings are expected to
commence on or around 17 May 2024. CREST accounts are
expected to be credited as soon as practicable following the
allotment and definitive documents of title are expected to be
dispatched within ten business days of allotment.
Following this allotment, the total
number of shares issued pursuant to the Offer
is 33,742,534 B Ordinary Shares.
For further information, please
contact:
Andrew Wolfson / Chris
Lewis
Pembroke Investment Managers LLP
(Manager)
+44 20 7766 6900
Robin Smeaton
The City Partnership (UK) Limited
(Company Secretary)
enquiries@city.uk.com
Keith Lassman
Howard Kennedy Corporate Services
LLP
keith.lassman@howardkennedy.com
Seven Hills
Leigh Marshall
M: +44 7388
003595
E: pembroke@wearesevenhills.com