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 15 million B Ordinary Shares (the "Offer")
On 14 October 2016 51,622 B Ordinary Shares (the "Shares") were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer price at which the Shares were allotted was calculated by reference to the unaudited net asset value of a B Ordinary Share in the Company as at 30 June 2016 (as announced in the Quarterly Report released on 25 August 2016), being 104.41p per B Ordinary Share. The offer price at which the shares were issued and allotted was 106.54p per B Ordinary Share.
Following this allotment, the Company's issued share capital is as follows:
· 18,091,202 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
· 12,533,713 B Ordinary Shares
Therefore, the total number of voting rights in the Company is 30,624,915. 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 24 October 2016. 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 amount raised pursuant to the Offer is £6,855,150. The Company confirms that the Offer is closed.
For further information, please contact:
Pembroke VCT plc
+44 20 7766 6900
Peter Dubens / Andrew Wolfson
+44 7917 080 365
Oakley Investment Managers LLP (Manager)
+44 20 7766 6900
The City Partnership (UK) Limited (Company Secretary)
+44 131 243 7215
This information is provided by RNS