Seneca Growth Capital VCT plc Offer For Subscription
14 October 2020 - 2:22AM
UK Regulatory
TIDMHYG TIDMSVCT
Seneca Growth Capital VCT Plc
Publication of a Prospectus
13 October 2020
SENECA GROWTH CAPITAL VCT PLC
(the "Company")
Offer for Subscription
The Board of Seneca Growth Capital VCT Plc is pleased to announce that
the Company has published a prospectus in relation to an offer for
subscription for B ordinary shares of 1p each in the Company 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").
The Offer will open on 13 October 2020 and is expected to close no later
than 5.00 p.m. on 1 April 2021 in relation to the tax year 2020/21, and
will close at 5.00 p.m. on 28 May 2021 in relation to the tax year
2021/22 (unless, in either case, the Offer has been fully subscribed
before these dates or earlier/later at the discretion of the Directors
subject to a long stop date of 24 September 2021).
Pursuant to an Offer Agreement dated 13 October 2020 relating to the
Offer between, among others, the Company and Seneca Partners Limited
("SPL"), the investment manager of the Company, SPL as the promoter of
the Offer will receive a promoter fee of up to 5.5% of the application
amount in relation to each accepted application (with reductions to the
fee applying in certain cases (for instance, early applications under
the Offer)). The aggregate amount of promoter fee to be paid to SPL
under the Offer Agreement shall not exceed GBP340,000.
As SPL is a related party of the Company under the Listing Rules, the
payment of a promoter fee by the Company to SPL, is a transaction to
which Listing Rule 11.1.10R applies.
To obtain a copy of the Prospectus, free of charge, private investors
and financial advisers should call Seneca Partners Limited on 01942
271746 or at 9 The Parks, Haydock WA12 0JQ. A downloadable version of
the prospectus will also be available from the Company's website:
https://www.globenewswire.com/Tracker?data=F4jel4-ONeOHUReF_09rejCidryKl5WK63jKRIOjNM12jQHVB3iN3jO6MTH_oLk0BViTQG3Y7oRyWgES__ZBWw56Ez6iVREdSfpobiwoVSMdkEQJSeFPf1FK5f058l4p
www.senecavct.co.uk/key-documents. A copy of the Prospectus will shortly
be provided to all shareholders of the Company, depending on their
expressed communication preferences.
The Prospectus has been approved by the Financial Conduct Authority and
will shortly be available to view at the online viewing facility of the
National Storage Mechanism at the following website address:
https://www.globenewswire.com/Tracker?data=dpCpiiI2LhfWdplGNNYlYEiGTopy6kclMW5OR3e_fKhianfZx5_o7jQP_Hnx3kSnWjAXaSwpuLSDnpVnsEsNFVI0ow57aqY00eaQLE5gwLpT0w1SfKiUt7sOVUtetSm3l2KkUMbAg_BkcymCcXVYEyDzoyYc0nsMs79MTFFCI-g=
data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
John Hustler, Seneca Growth Capital VCT Plc at
john.hustler@btconnect.com
https://www.globenewswire.com/Tracker?data=VGx1UAk1sxqTzpYwBcuVhFfntr3_lM6j4Jop8jmuCwCBRMugqu2YJi-3onIDBuLgyRL_aiVYlJyj3lHaVeP88rVKtq7CBmSS-7vYnqS5odB59KZMAZKUMfZTWW1R2oDsWwlGRbhyN1hEs6vg-mENQvyy9yKEeTG9YMgRlUHm2i4LJ2F8bydZFxw9Im6S29wspXzy98pCDrsZELg8oN1mlY581J7LaAIxR4P6yfNV4IuktwVZtifuhL_UljrvHNJ2A0K3gLYkSW3nuTCsAni-VIYkXV21RIq7phEvohkUqgs=
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
https://www.globenewswire.com/Tracker?data=TmXhybVUjLXIsaUZR3D7xHp0fu1ezoWMUnDXQxUpZy8cjkdeuzU2d2ufDM167tpI-IF4yln-uNB-d7WWSN8DUCWSWSgtH4aFS6MzgjHyc5-pDwYSdsJy6FisRiSZkFDa
(END) Dow Jones Newswires
October 13, 2020 11:22 ET (15:22 GMT)
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