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LONDON - Praetura Growth VCT plc announced Monday it has allotted 137,472 new ordinary shares as part of its ongoing subscription offer.
The shares were issued at prices ranging from 93.83p to 94.79p per share, calculated by reference to the latest published net asset value (NAV) of 92.88p per share, according to a company statement.
The allotment relates to the tax year ending April 5, 2026, and forms part of the company’s offer for subscription launched on November 8, 2024. That offer sought to raise up to £10 million with an over-allotment facility for an additional £10 million.
Following this issuance, Praetura Growth VCT’s total number of ordinary shares in issue stands at 6,474,876, which represents the total voting rights in the company.
The company 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 commence around July 2, 2025.
CREST accounts will be credited following the allotment, with definitive documents of title expected to be dispatched within ten business days, according to the press release statement.
Praetura Growth VCT is a venture capital trust that provides funding to growing businesses while offering tax-efficient investment opportunities to shareholders.
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