Issue of B Ordinary Shares of 1p each (â€œB Ordinary Sharesâ€) pursuant to an Offer for Subscription of up to Â£15 million of B Ordinary Shares (the â€œOfferâ€)
On 6 July 2017, 636,569 B Ordinary Shares (the â€œSharesâ€) 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 2016 (as announced in the Quarterly Report of the Company released on 1 February 2017), being 107.13p per B Ordinary Share, adjusted for the dividend paid on 7 June 2017. The offer prices at which the Shares were issued and allotted ranged from 106.38p to 111.73p per B Ordinary Share.
Following this allotment, the Companyâ€™s issued share capital is as follows:
â€¢ 18,093,173 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
â€¢ 25,346,738 B Ordinary Shares
Therefore, the total number of voting rights in the Company is 43,439,911. 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 theÂ FCAâ€™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 Exchangeâ€™s main market for listed securities will be made shortly and dealings are expected to commence on or around 10 July 2017.Â CRESTÂ 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 amount raised pursuant to the Offer is Â£13.9m. The Company confirms that the Offer is now closed to new applications.
For further information, please contact:
PembrokeÂ VCTÂ plc
+44 20 7766 6900
+44 7917 080 365
Oakley Investment ManagersÂ LLPÂ (Manager)
+44 20 7766 6900
Andrew Wolfson/Simon Male
The City Partnership (UK) Limited (Company Secretary)
+44 131 510 7465