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LONDON - Puma (OTC:PMMAF) AIM VCT plc has today announced the allotment of 225,000 new Ordinary Shares following an offer for subscription, which aimed to raise up to £20 million with an over-allotment facility. The shares were priced between £0.9940 and £1.0000, based on an assumed initial net asset value (NAV) of 100p per share.
This latest issuance brings the total number of Ordinary Shares in the company to 5,765,451, each carrying voting rights. Shareholders may use this total as a reference for the disclosure of any changes in their stake as per the Financial Conduct Authority’s rules.
The newly issued shares are expected to be admitted to the Official List and to commence trading on the London Stock Exchange (LON:LSEG)’s main market around May 6, 2025. Shareholders should anticipate receiving their definitive documents of title within 10 business days of the allotment.
This move is part of Puma AIM VCT’s efforts to expand its equity base, as outlined in its prospectus dated September 17, 2024. The company’s expansion strategy through the issue of equity aims to provide investors with the opportunity to participate in a range of investments managed by the company.
The information in this article is based on a press release statement from Puma AIM VCT plc.
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