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LONDON - Praetura Growth VCT plc, a venture capital trust, has announced the allotment of 92,866 new ordinary shares as part of an ongoing offer that initially aimed to raise up to £20 million. The shares were issued at prices between 95.97 pence and 97.93 pence, aligned with the company’s most recently published net asset value (NAV) per share.
The allotment, which took place today, is connected to the 2025/26 tax year and follows the company’s prospectus issued on November 8, 2024. With this latest issuance, the total number of ordinary shares in circulation for Praetura Growth VCT has reached 6,337,404, which also represents the total voting rights within the company.
Shareholders may utilize this total share figure as a reference point for any required notifications of interest changes as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The newly issued shares are expected to be admitted to the Official List of the Financial Conduct Authority and commence trading on the London Stock Exchange (LON:LSEG)’s main market around April 30, 2025. The crediting of CREST accounts and the dispatch of definitive documents of title are anticipated to occur promptly after the allotment, with documents expected within ten business days following the allotment.
This financial move aims to provide the company with additional capital to support its growth initiatives. The information detailed in this article is based on a press release statement issued by Praetura Growth VCT plc.
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