SVCT Seneca Growth Capital Vct Plc

 
TIDMHYG TIDMSVCT 
 
 
   Seneca Growth Capital VCT Plc (the "Company") 
 
   10 July 2020 
 
   Issue of Equity 
 
   The Company announces that it has today allotted and issued 47,030 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 GBP42,000 of valid applications received 
since 27 April 2020 (the cut off date for the last allotment of shares 
made on 29 April 2020), and up to and including 8 July 2020 in respect 
of the 2020/2021 tax year, the Company has today allotted and issued 
47,030 B Shares. In accordance with the allotment formula set out in the 
prospectus for the Offer, the B Shares have been allotted at the offer 
price of 89.3p per share, calculated by reference to the unaudited net 
asset value of a B Share as at 27 April 2020 (89.3p per B Share as 
announced on 27 April 2020). 
 
   As a result of this allotment, the number of shares now in issue is 
8,115,376 ordinary shares of 1p each and 7,392,201 B Shares. Therefore, 
the total number of voting rights in the Company is 15,507,577. 
 
   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 13 July 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. 
 
   The Offer is now closed to further applications. The Company announces 
that under the Offer it received and accepted valid applications to the 
value of GBP1,814,010 (before issue costs). 
 
   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

July 10, 2020 06:43 ET (10:43 GMT)

Seneca Growth Capital Vct (LSE:SVCT)
Historical Stock Chart
From Mar 2024 to Apr 2024

Seneca Growth Capital Vct (LSE:SVCT)
Historical Stock Chart
From Apr 2023 to Apr 2024