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Fuel Ventures VCT plc's directors have announced their intention to launch a new offer for subscription for ordinary shares. This offer aims to raise up to £10 million, with an over-allotment facility for a further £10 million, during the 2024/2025 and 2025/2026 tax years. A prospectus detailing the offer is expected to be published early in February 2025.
| Date | 27 Jan 2025 |
| Time | 16:38:23 |
| Category | Miscellaneous |
| ID | 8403U |
Fuel Ventures VCT plc (the "Company")
Intention to Launch an Offer for Subscription
The directors of Fuel Ventures VCT plc are pleased to announce their intention to launch a new offer for subscription for ordinary shares of £0.01 each in the Company to raise up to £10 million with an over-allotment facility of up to a further £10 million (the "Offer") in the 2024/2025 and 2025/2026 tax years.
Full details of the Offer will be contained in a prospectus that is expected to be published early in February 2025 subject to regulatory approval.
For further information, please contact:
Stan Williams
Fuel Ventures Limited (Investment Adviser)
Robin Smeaton
The City Partnership (UK) Limited (Company Secretary)
Keith Lassman
Howard Kennedy Corporate Services LLP
Keith.Lassman@howardkennedy.com