Related Party Transaction - Pembroke VCT

Related Party Transaction

23/09/2019

Related Party Transaction

News /
Related Party Transaction

RNS Number : 3534N

Pembroke VCT PLC

23 September 2019

Pembroke VCT plc

Related Party Transaction

Pursuant to the Company’s offer for subscription (the “Offer”) of up to Â£20 million of B Ordinary Shares of 1p each in the capital of the Company, with an over-allotment facility for up to a further Â£20 million of B Ordinary Shares, as set out in a prospectus issued by the Company on 2 September 2019, the Company has received an application to subscribe for Â£200,000 of B Ordinary Shares in the 2020/21 tax year under the Offer from Peter Dubens (the “PD Subscription”).Â

Peter Dubens holds a majority membership interest in Pembroke Investment Managers LLP, the Company’s investment manager, which is a related party of the Company under the Listing Rules, and the PD Subscription is a transaction to which Listing Rule 11.1.10R applies.

For further information, please contact:

Pembroke Investment Managers LLP (Manager)

020 7766 2836

Andrew WolfsonÂ

The City Partnership (UK) Limited (Company Secretary)

0131 243 7215

Doreen Nic

Cornerstone Communications

+44 7917 080 365

Richard Acworth

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