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Calculus VCT PLC - London-based venture capital trust - Intends to launch prospectus offer of new shares for subscription in the 2023-24 tax year to raise up to GBP10 million. Says the offer will have an over-allotment facility. If utilised, this raise up to an additional GBP10 million, resulting in a total fundraise of GBP20 million. Says full details of the offer are expected to be published in a prospectus in September. Calculus VCT currently has a GBP42.5 million market capitalisation.
Current stock price: 70.00 pence, up 17% in London on Wednesday
12-month change: up 21%
By Greg Rosenvinge, Alliance News reporter
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