Seneca Growth Capital VCT plc Issue Of Equity
11 March 2020 - 1:28AM
UK Regulatory
TIDMHYG TIDMSVCT
Seneca Growth Capital VCT Plc (the "Company")
10 March 2020
Issue of Equity
The Company announces that it has today allotted and issued 555,892 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 GBP496,860 of valid applications received
since 25 November 2019 (the cut off date for the last allotment of
shares made on 27 November 2019), and up to and including 6 March 2020
in respect of the 2019/2020 tax year, the Company has today allotted and
issued 555,892 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 88.70p to 88.72p per share, calculated by
reference to the unaudited net asset value of a B Share as at 6 March
2020 (88.7p per B Share as announced on 10 March 2020).
As a result of this allotment, the number of shares now in issue is
8,115,376 ordinary shares of 1p each and 6,917,340 B Shares. Therefore,
the total number of voting rights in the Company is 15,032,716.
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 12 March 2020.
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
March 10, 2020 10:28 ET (14:28 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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