6 Apr 2017 17:02
Pembroke VCT plc (the "Company")
Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an Offer for Subscription of up to £15 million of B Ordinary Shares (the "Offer")
On 5 April 2017, 8,826,567 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 2016 (as announced in the Quarterly Report of the Company released on 1 February 2017), being 107.13p per B Ordinary Share. The offer prices at which the Shares were issued and allotted ranged from 107.13p to 119.05p per B Ordinary Share.
The Company also announces that on 5 April 2017 a further 24,591 B Ordinary Shares (the "Further Shares") were allotted pursuant to the Offer to correct the allotment that took place on 3 February 2017. The offer prices at which these Further Shares were issued and allotted ranged from 107.13p to 111.61p per B Ordinary Share.
Following this allotment, the Company's issued share capital is as follows:
· 18,092,297 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares)
· 24,112,378 B Ordinary Shares
Therefore, the total number of voting rights in the Company is 42,204,675. 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 and Transparency Rules.
Application for the Shares and the Further Shares to be admitted to the Official List of the UK Listing 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 10 April 2017. 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:
Pembroke VCT plc
+44 20 7766 6900
Peter Dubens
Cornerstone Communications
+44 7917 080 365
Richard Acworth
Oakley Investment Managers LLP (Manager)
+44 20 7766 6900
Andrew Wolfson/Simon Male
The City Partnership (UK) Limited (Company Secretary)
+44 131 510 7465
Doreen Nic