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LONDON - Blackfinch Spring VCT plc announced Wednesday it has allotted 1,799,881 new ordinary shares as part of its ongoing subscription offer. The shares were issued at prices ranging from 101.51p to 104.68p per share, according to a company statement.
Following this allotment, the venture capital trust now has 64,775,398 ordinary shares in issue, including two subscriber shares. This figure represents the total voting rights in the company.
The new shares were issued under the company’s offer for subscription launched in September 2024, which sought to raise up to £20 million with an over-allotment facility for an additional £20 million.
Blackfinch Spring VCT has applied for the newly issued shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market. Trading is expected to begin around June 27.
The company stated that CREST accounts should be credited shortly after the allotment, with definitive documents of title expected to be dispatched within ten business days.
Shareholders may use the updated total number of voting rights as the denominator for calculations to determine if they need to notify their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
The information in this article is based on a press release statement from Blackfinch Spring VCT.
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