Pembroke VCT plc (the "Company")
Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the "Offer")
On 4 March 2022, 3,561,605 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 2021 of 123.3p per B Ordinary Share. The offer prices at which the Shares were issued and allotted ranged from 123.30p to 133.30p per B Ordinary Share.
In this allotment, David Till, a non-executive Director of the Company, was allotted 81,103 B Ordinary Shares, which takes his total shareholding to 410,437 B Ordinary Shares in the Company.
Following the allotment above, the total number of B Ordinary shares in issue is 153,785,494. Therefore, the total number of voting rights in the Company is 153,785,494. 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 Guidance and Transparency Rules.
Application for the Shares to be admitted to the Official List of the Financial Conduct 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 14 March 2022. 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 24,495,386 B Ordinary Shares.
For further information, please contact:
Andrew Wolfson / Chris Lewis
Pembroke Investment Managers LLP (Manager)
+44 20 7766 6900
Robin Smeaton
The City Partnership (UK) Limited (Company Secretary)
enquiries@city.uk.com
Keith Lassman
Howard Kennedy Corporate Services LLP
+44 20 3755 5561
Media enquiries (Press Office)
Zoe Powell
Share Communications
team@sharecomms.co.uk
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