Puma VCT 13 plc (the "Company")
Offer for Subscription
A prospectus relating to an offer for subscription of up to £50,000,000 of ordinary shares of £0.0005 each, payable in full in cash on application, together with an over-allotment facility for up to a further £20,000,000 of ordinary shares (the "Offer"), was issued by the Company on 19 September 2023 (the "Prospectus").
The Offer will open on 19 September 2023 and is expected to close no later than 5 April 2024 for shares to be allotted in the 2023/24 tax year and, if the Offer is extended beyond that date by the directors, no later than 18 September 2024 for shares to be allotted in the 2024/25 tax year (unless fully subscribed by an earlier date or previously extended by the directors to no later than 18 September 2024).
Pursuant to an offer agreement dated 19 September 2023 relating to the Offer between, among others, the Company and Puma Investment Management Limited ("PIML"), PIML, as the promoter of the Offer, will receive a promoter fee of up to 3% of the aggregate amount received by the Company under the Offer. PIML, as the investment manager of the Company is a related party of the Company under the Listing Rules, and the payment of such a fee by the Company to PIML is a related party transaction to which Listing Rule 11.1.10R applies.
A copy of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website address: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Copies of the Prospectus are also available free of charge from the office of the Company's investment manager, Puma Investment Management Limited, Cassini House, 57 St James's Street, London SW1A 1LD.
For further information please contact Rupert West on 0207 408 4050.