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LONDON - Pembroke VCT plc, a venture capital trust, announced the final allotment of B Ordinary Shares under its recent offer, which closed last Thursday. The company allotted 795,062 B Ordinary Shares on Wednesday, following the closure of its subscription offer for up to £40 million with an over-allotment facility allowing for up to an additional £20 million.
The shares were issued at prices ranging from 99.30p to 105.08p, based on the unaudited net asset value as of December 31, 2024, and adjusted for a dividend paid on March 31, 2025. This final allotment brings the total number of B Ordinary Shares in issue to 261,231,391, equating to the same number of voting rights within the company.
Pembroke VCT’s offer, which opened for applications earlier this year, has now reached its conclusion with a total of 48,726,381 B Ordinary Shares issued under the offer. The company has stated that applications for the 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 will be made, with trading expected to commence around May 1, 2025.
Shareholders may use the total voting rights figure as the denominator for their calculations to determine whether they are required to notify their interest in, or a change to their interest in Pembroke VCT under the FCA’s Disclosure Guidance and Transparency Rules.
This announcement is based on a press release statement from Pembroke VCT plc.
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