We are delighted to share the December newsletter with you.
Pembroke VCT is now a £160 million fund with a maturing portfolio of over 40 growth-stage companies. Since September 2020, we have returned £26.3 million to shareholders; this includes £16.5 million of dividends (14 pence per share) and £9.8 million of share buybacks. Having launched our offer on the 8th September 2021, we have had our strongest ever start to fundraising, raising over £20 million (as at 1st December 2021) out of our £60 million target.
In this issue, we would like to tell you about our most recent investments into JusteWears and Peckwater Brands, as well as give you an update on how the rest of our portfolio companies have been performing.