Puma VCT 13 PLC Issue of Equity (0550R)
26 February 2019 - 2:51AM
UK Regulatory
TIDMPU13
RNS Number : 0550R
Puma VCT 13 PLC
25 February 2019
Puma VCT 13 plc
25 February 2019
Issue of Equity
The Directors of Puma VCT 13 plc ("the Company") are pleased to
announce that further to the offer for subscription ("the Offer")
of ordinary shares of GBP0.0005 each in the Company ("Ordinary
Shares") to raise up to GBP5,000,000 pursuant to a prospectus dated
27 July 2018 ("the Prospectus"), the Company has made an allotment
on 22 February 2019 of 1,705,473 Ordinary Shares pursuant to the
Offer.
The offer price at which the Ordinary Shares were allotted was
GBP1.00 per Ordinary Share.
The Company also announces that a further 127,298 Ordinary
Shares were issued and allotted on 22 February 2019 at a price of
GBP1.00 per share. These shares were issued and allotted on the
same terms and conditions as set out in the Prospectus dated 27
July 2018 but, on account of the Offer being full, were issued and
allotted outside of the Offer.
Application will shortly be made for the Ordinary Shares so
allotted 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, and dealings are expected to commence on or
around 1 March 2019. Definitive documents of title are expected to
be despatched within 10 business days of allotment.
Following these allotments, the Offer is now closed to further
applications.
In accordance with the terms of the Prospectus, certain shares
retained by the Company's Investment Manager and members of the
Management Team (as defined in the Prospectus) as part of the
performance incentive arrangements described in the Prospectus
("Performance Incentive") have been transferred back to a nominee
of the Company for nil consideration to ensure that the number of
Ordinary Shares issued under the Performance Incentive is, in
aggregate, not more than 20% of the entire issued share capital of
the Company. Of the shares retained by the Management Team,
1,383,021 Ordinary Shares are held by Shore Capital Group
Investments Limited (7.1% of the issued share capital) and 681,770
Ordinary Shares are held by David Kaye (3.5% of the issued share
capital).
The total number of Ordinary Shares in issue is therefore
19,479,172. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Disclosure and Transparency Rules.
For further information please contact:
Graham Shore
Puma VCT 13 plc
020 7408 4050
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END
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