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Pembroke VCT plc's board of directors resolved on 7 March 2025 to utilise in full the £20 million over-allotment facility for its Offer for Subscription. This Offer was launched on 9 September 2024, initially seeking to raise £40 million. The utilisation of the facility increases the total amount that can be raised under the Offer to £60 million.
| Date | 7 Mar 2025 |
| Time | 12:00:00 |
| Category | Corporate updates |
| ID | 8519Z |
7 March 2025
Pembroke VCT plc (the "Company")
(ISIN: GB00BQVC9S79)
Offer for Subscription - utilisation of over-allotment facility
On 9 September 2024, the Company launched an offer for subscription (the "Offer") seeking to raise £40 million in aggregate initially for the 2024/25 tax year.
Following the successful launch, with applications received to date approaching £40 million, and considering the continuing level of demand, the Company's board of directors has resolved to utilise in full the over-allotment facility of £20 million included in the Offer. This increases the amount that can be raised under the Offer to £60 million.
The Company has issued a prospectus relating to the Offer, a copy of which is available from the Company's website:
Pembroke VCT Prospectus 2024/25
The prospectus has also been submitted to the National Storage Mechanism and is available for viewing online at the following website:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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