Pembroke VCT plc (the “Company”)

 

Issue of B Ordinary Shares of 1p each (“B Ordinary Shares”) pursuant to an Offer for Subscription of up to £20 million of B Ordinary Shares (the “Offer”)

 

 

On 29 June 2018, 1,234,434 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 31 December 2017 being 101.33p per B Ordinary Share.  The offer prices at which the Shares were issued and allotted ranged from 103.03p to 107.94p per B Ordinary Share.

 

Following this allotment, the Company’s issued share capital is as follows:

 

  • 18,095,005 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
  • 31,709,002 B Ordinary Shares

 

Therefore, the total number of voting rights in the Company is 49,804,007.  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 UK Listing 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 4 July 2018.  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.

 

Following this allotment, the total number of shares issued pursuant to the Offer is 6,414,577 B Ordinary Shares.  The Company confirms that the Offer is now closed to new applications.

 

 

For further information, please contact:

 

Pembroke VCT plc

+44 20 7766 6900

Peter Dubens

 

Cornerstone Communications

+44 7917 080 365

Richard Acworth

 

Oakley Investment Managers LLP (Manager)

+44 20 7766 6900

Andrew Wolfson/Tamara Warren

 

The City Partnership (UK) Limited (Company Secretary)

+44 131 510 7465

Doreen Nic

 

 

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