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 £20 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the “Offer”)
On 18 January 2021, 1,564,669 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 audited net asset value of a B Ordinary Share in the Company as at 30 September 2020 of 113.1p per B Ordinary Share (adjusted for the dividend of 3p per B Ordinary Share paid on 12 November 2020). The offer prices at which the Shares were issued and allotted ranged from 111.79p to 116.53p per B Ordinary Share.
Following the allotment above the total number of B Ordinary shares in issue is 104,963,899. Therefore, the total number of voting rights in the Company is 104,963,899. 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 1 February 2021. 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.
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