Calculus VCT PLC - London-based venture capital trust - Intends to launch prospectus offer of new shares for subscription in the 2023-24 tax year to raise up to £10 million. Says the offer will have an over-allotment facility. If utilised, this raise up to an additional £10 million, resulting in a total fundraise of £20 million. Says full details of the offer are expected to be published in a prospectus in September. Calculus VCT currently has a £42.5 million market capitalisation.

Current stock price: 70.00 pence, up 17% in London on Wednesday

12-month change: up 21%

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