Pembroke VCT PLC Issue of Equity (9303I)
April 06 2020 - 7:42AM
UK Regulatory
TIDMPEMV TIDMPEMB
RNS Number : 9303I
Pembroke VCT PLC
06 April 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 5 April 2020, 2,899,830 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 18 March 2020
being 111.00p per B Ordinary Share. The offer prices at which the
Shares were issued and allotted ranged from 113.85p to 119.38p per
B Ordinary Share.
Following this allotment, the Company's issued share capital is
as follows:
-- 18,099,948 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
-- 80,608,008 B Ordinary Shares
Therefore, the total number of voting rights in the Company is
98,707,956. 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 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 8 April
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 :
Pembroke Investment Managers LLP (Manager)
020 7766 2836
Andrew Wolfson
The City Partnership (UK) Limited (Company Secretary)
0131 243 7215
Doreen Nic
Cornerstone Communications
07917 080 365
Richard Acworth
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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