Seneca Growth Capital VCT PLC Issue of Equity (0123L)
December 19 2018 - 8:21AM
UK Regulatory
TIDMHYG TIDMSVCT
RNS Number : 0123L
Seneca Growth Capital VCT PLC
19 December 2018
Seneca Growth Capital VCT Plc (the "Company")
19 December 2018
Issue of Equity
The Company announces that it has today allotted and issued
574,584 new B ordinary shares of 1p each in the Company ("New B
Shares").
The shares were issued pursuant to an offer for subscription for
New B Shares launched on 9 May 2018 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 Company made an initial allotment of New B Shares on 23
August 2018, at which point Seneca Partners Limited was appointed
as the Company's investment manager and, as at 18 December 2018,
the Company had allotted a total of 3,461,786 New B Shares under
the Offer.
Pursuant to the Offer, and the GBP583,750 of valid applications
received since the last allotment up to and including 18 December
2018, the 574,584 New B Shares allotted and issued today were
issued for offer prices in the range of 99.7p to 102.8p per share
which were calculated in accordance with the allotment formula set
out in the prospectus for the Offer.
As a result of this allotment, the number of shares now in issue
is 8,115,376 ordinary shares of 1p each and 4,036,370 New B Shares.
Therefore, the total number of voting rights in the Company is
12,151,746.
In respect of this allotment, an application will be made by the
Company to the UK Listing Authority and to the London Stock
Exchange for the New 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 New "B" Shares will become effective and dealings will commence
on or around 20 December 2018.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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