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Pembroke VCT plc allotted 1,963,428 B Ordinary Shares on 12 April 2022. The offer prices for these shares ranged from 123.30p to 132.58p, calculated by reference to an unaudited net asset value of 123.3p per B Ordinary Share as at 31 December 2021. Following this allotment, the total number of B Ordinary Shares in issue is 164,765,229, and the cumulative total issued pursuant to the Offer is 35,475,121 B Ordinary Shares.
| Date | 13 Apr 2022 |
| Time | 11:03:06 |
| Category | Capital structure |
| ID | 2844I |
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 12 April 2022, 1,963,428 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 132.58p per B Ordinary Share.
Following the allotment above, the total number of B Ordinary shares in issue is 164,765,229. Therefore, the total number of voting rights in the Company is 164,765,229. 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 25 April 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 35,475,121 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)
Keith Lassman
Howard Kennedy Corporate Services LLP
+44 20 3755 5561
Media enquiries (Press Office)
Zoe Powell
Share Communications