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12 Mar 2015 14:46
12 March 2015
PEMBROKE VCT PLC
Statement regarding Offer for Subscription
The Company launched a B Ordinary Share offer in October 2014. The B Ordinary Shares are a separate class of share, distinct from the existing Ordinary Shares, and with distinct rights to a separate pool of assets and liabilities.
The Company has built a solid pipeline of new investments which are currently undergoing due diligence. In order to be in a position to provide the required funding for those new investments in short order from the subscriptions received to date, in accordance with the provisions of the prospectus issued by the Company on 3 October 2014, the board of directors of the Company has resolved to reduce the Minimum Subscription Threshold for the purposes of the Offer to £3 million gross proceeds. The directors confirm that, as at the date of this announcement, the Minimum Subscription Threshold condition has been satisfied.
The offer remains open for 2014/15 until 2 April and for 2015/16 until 1 September.
About the Company
Pembroke VCT plc (the "Company") is a generalist VCT focused on private equity style investments in the leisure and premium brands sectors. The Company seeks to invest in a diversified portfolio of small, principally unquoted companies, selecting those which Oakley Investment Managers LLP believes provide the opportunity for value appreciation.
For further details about the Company please either visit the Company's website,
Pembroke VCT plc
www.pembrokevct.com,
or contact:
Oakley Investment Managers LLP (Manager)
+44 20 7766 6900
Peter Dubens / Andrew Wolfson
The City Partnership (UK) Limited (Company Secretary)
0131 243 7210
Doreen Nic
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