Issue of Equity

27 Nov 2019 14:45

Seneca Growth Capital VCT Plc (the "Company")

27 November 2019

Issue of Equity

The Company announces that it has today allotted and issued 308,679 new B ordinary shares of 1p each in the Company (“B Shares”).

The shares were issued pursuant to an offer for subscription for B Shares launched on 16 July 2019 to raise, in aggregate, up to £10 million with an over-allotment facility of up to a further £10 million (before issue costs) (the "Offer").

Pursuant to the Offer, and the £296,075 of valid applications received since 30 September 2019 (the cut off date for the last allotment of shares made on 8 October 2019), and up to and including 25 November 2019 in respect of the 2019/2020 tax year, the Company has today allotted and issued 308,679 B Shares. In accordance with the allotment formula set out in the prospectus for the Offer, the B Shares have been allotted at offer prices in the range of 95.2p to 98.2p per share, calculated by reference to the unaudited net asset value of a B Share as at 30 September 2019 (95.2p per B Share as announced on 8 October 2019).

As a result of this allotment, the number of shares now in issue is 8,115,376 Ordinary shares of 1p each and 6,361,448 B Shares. Therefore, the total number of voting rights in the Company is 14,476,824.

In respect of this allotment, an application will be made by the Company to the Financial Conduct Authority and to the London Stock Exchange for the B Shares so issued to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that the admission of the B Shares will become effective and dealings will commence on or around 29 November 2019.

The above statement of voting capital may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

John Hustler, Seneca Growth Capital VCT Plc at john.hustler@btconnect.com

Richard Manley, Seneca Growth Capital VCT Plc at Richard.Manley@senecapartners.co.uk

Any enquiries in respect of the Offer should be directed to:

John DaviesSeneca Partners Limited01942 295 981John.Davies@senecapartners.co.uk