LONDON - Praetura Growth VCT plc, a venture capital trust, announced the allotment of 367,212 Ordinary Shares on Thursday as part of an ongoing offer that was detailed in a prospectus issued on November 8, 2024. The company had previously outlined an offer for subscription of up to £10 million of ordinary shares, with an additional over-allotment facility for up to another £10 million of Ordinary Shares.
The newly allotted shares, associated with the 2024/25 tax year, were priced between 95.97 pence and 96.96 pence per share. These prices correspond with the latest published net asset value (NAV) per Ordinary Share of the company, which stands at 95.97 pence.
Following this allotment, Praetura Growth VCT’s total number of Ordinary Shares in issue has reached 3,901,278, which includes one original subscriber Ordinary Share. Consequently, the total voting rights in the company now equal the number of shares issued.
The company has initiated the process for these shares to be admitted to the Official List of the Financial Conduct Authority and to commence trading on the London Stock Exchange (LON:LSEG)’s main market. The expected date for the start of dealings is on or around January 28, 2025. Additionally, the company has stated that CREST accounts will be credited following the allotment and that definitive documents of title will be dispatched within ten business days of the allotment.
This move is part of Praetura Growth VCT’s efforts to raise capital within the guidelines set by the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Shareholders are advised to use the total issued share count as the denominator for their calculations to determine if they need to notify their interest in, or a change of interest in, the company.
The information for this article is based on a press release statement from Praetura Growth VCT plc.
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