Pembroke VCT PLC Issue of Equity (4686K)
07 July 2017 - 9:00PM
UK Regulatory
TIDMPEMV TIDMPEMB
RNS Number : 4686K
Pembroke VCT PLC
07 July 2017
Pembroke VCT plc (the "Company")
Issue of B Ordinary Shares of 1p each ("B Ordinary Shares")
pursuant to an Offer for Subscription of up to GBP15 million of B
Ordinary Shares (the "Offer")
On 6 July 2017, 636,569 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 2016
(as announced in the Quarterly Report of the Company released on 1
February 2017), being 107.13p per B Ordinary Share, adjusted for
the dividend paid on 7 June 2017. The offer prices at which the
Shares were issued and allotted ranged from 106.38p to 111.73p per
B Ordinary Share.
Following this allotment, the Company's issued share capital is
as follows:
-- 18,093,173 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
-- 25,346,738 B Ordinary Shares
Therefore, the total number of voting rights in the Company is
43,439,911. 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 and
Transparency Rules.
Application for the 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 will be made shortly
and dealings are expected to commence on or around 10 July 2017.
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 amount raised pursuant to
the Offer is GBP13.9m. The Company confirms that the Offer is now
closed to new applications.
For further information, please contact:
Pembroke VCT plc
+44 20 7766 6900
Peter Dubens
Cornerstone Communications
+44 7917 080 365
Richard Acworth
Oakley Investment Managers LLP (Manager)
+44 20 7766 6900
Andrew Wolfson/Simon Male
The City Partnership (UK) Limited (Company Secretary)
+44 131 510 7465
Doreen Nic
This information is provided by RNS
The company news service from the London Stock Exchange
END
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