Issue of Equity
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 13 May 2022, 1,436,881 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 130.48p per B Ordinary Share.
As announced on 9 May 2022, the Offer closed for further applications at noon on 9 May 2022 and this is the final allotment under the Offer.
Following the allotment above, the total number of B Ordinary shares in issue is 166,202,110. Therefore, the total number of voting rights in the Company is 166,202,110. 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 27 May 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 36,912,002 B Ordinary Shares.
For further information, please contact:
Andrew Wolfson / Chris Lewis
Pembroke Investment Managers LLP (Manager)
+44 20 7766 6900
The City Partnership (UK) Limited (Company Secretary)
Howard Kennedy Corporate Services LLP
+44 20 3755 5561
Seven Hills PR
0781 790 3406