23 September 2019
Pembroke VCT plc
Related Party Transaction
Pursuant to the Company's offer for subscription (the "Offer") of up to £20 million of B Ordinary Shares of 1p each in the capital of the Company, with an over-allotment facility for up to a further £20 million of B Ordinary Shares, as set out in a prospectus issued by the Company on 2 September 2019, the Company has received an application to subscribe for £200,000 of B Ordinary Shares in the 2020/21 tax year under the Offer from Peter Dubens (the "PD Subscription").
Peter Dubens holds a majority membership interest in Pembroke Investment Managers LLP, the Company's investment manager, which is a related party of the Company under the Listing Rules, and the PD Subscription is a transaction to which Listing Rule 11.1.10R applies.
For further information, please contact:
Pembroke Investment Managers LLP (Manager)
020 7766 2836
Andrew Wolfson
The City Partnership (UK) Limited (Company Secretary)
0131 243 7215
Doreen Nic
Cornerstone Communications
+44 7917 080 365
Richard Acworth
