LONDON - Pembroke VCT plc has announced the allotment of 5,061,629 B Ordinary Shares under its current offer for subscription, which could raise up to £60 million. The shares were issued on Wednesday at prices ranging from 102.23p to 108.24p, calculated by reference to the unaudited net asset value as of September 30, 2024. This latest issuance brings the total number of B Ordinary Shares in the company to 228,094,085, each carrying voting rights.
The company has applied for these newly issued shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)'s main market. Trading is expected to commence around December 23, 2024. Shareholders will receive CREST accounts credits following the allotment and should expect definitive documents of title within ten business days.
With this allotment, the total number of shares issued under the offer has reached 11,062,900 B Ordinary Shares. The offer, which includes an over-allotment facility, aims to provide the company with additional capital.
This financial move by Pembroke VCT is part of its ongoing strategy to expand its investment portfolio and provide shareholders with growth opportunities. The company's actions are in line with the FCA's Disclosure Guidance and Transparency Rules, ensuring proper notification of shareholding changes.
The information for this article is based on a press release statement by Pembroke VCT plc.
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