Pembroke VCT PLC Issue of Equity (3748E)
November 05 2020 - 2:41AM
UK Regulatory
TIDMPEMB
RNS Number : 3748E
Pembroke VCT PLC
05 November 2020
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 GBP20 million of B
Ordinary Shares with an over-allotment facility for up to a further
GBP20 million of B Ordinary Shares (the "Offer")
On 4 November 2020, 663,661 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 audited net asset
value of a B Ordinary Share in the Company as at 30 September 2020
of 113.1p per B Ordinary Share (adjusted for the dividend of 3p per
B Ordinary Share to be paid on 12 November 2020). The offer prices
at which the Shares were issued and allotted ranged from 111.79p to
115.30p per B Ordinary Share.
Following the allotment above the total number of B Ordinary
shares in issue is 102,071,158. Therefore, the total number of
voting rights in the Company is 102,071,158. 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 18
November 2020. 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.
For further information, please contact :
Andrew Wolfson / Chris Lewis
Pembroke Investment Managers LLP (Manager)
+44 20 7766 6900
Doreen Nic
The City Partnership (UK) Limited (Company Secretary)
enquiries@city.uk.com
Keith Lassman
Howard Kennedy Corporate Services LLP
+44 20 3755 5561
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END
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