Intel stock extends gains after report of possible U.S. government stake
LONDON - Pembroke VCT plc has announced the allotment of 857,788 B Ordinary Shares as part of its ongoing offer to issue up to £40 million in B Ordinary Shares, with an additional over-allotment facility of up to £20 million. This issue took place on Monday, with the offer prices based on the unaudited net asset value of a B Ordinary Share at 100.30p as of December 31, 2024, adjusted for a subsequent dividend.
The newly issued shares were priced between 101.33p and 105.08p each. Following this allotment, Pembroke VCT’s total number of B Ordinary Shares in circulation has reached 260,436,329, which also represents the total voting rights in the company. Shareholders can use this figure as the denominator for the calculations required to notify their interest or a change in interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
The company is seeking admission for the Shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market, with expected dealings to commence on or around April 17, 2025. CREST accounts will be credited following the allotment, and definitive documents of title will be dispatched within ten business days.
To date, Pembroke VCT has issued 47,931,319 B Ordinary Shares under this offer. This move is part of a broader strategy to raise capital, which investors closely monitor for indications of a company’s growth trajectory and financial health. The information in this article is based on a press release statement from Pembroke VCT plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.