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LONDON - Puma (OTC:PMMAF) AIM VCT plc has successfully raised capital through the issuance of 1,518,522 new ordinary shares, as part of an ongoing offer to raise funds up to £20 million. The company’s latest allotment, announced today, comes with an offer price ranging between £0.9940 and £1.0000 per share, based on an assumed initial net asset value (NAV) of 100p per share.
This equity issuance is part of a larger offer detailed in a prospectus dated September 17, 2024, which outlined the potential for an over-allotment facility of up to an additional £10 million. The current allotment increases the total number of ordinary shares in the company to 4,940,396, which is also the total number of voting rights.
Shareholders may use this figure as the denominator for calculations to determine if they are required to notify their interest or a change to their interest in the company’s share capital, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The new shares are expected 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 around April 4, 2025. Document titles are anticipated to be dispatched within ten business days following the allotment.
This financial move by Puma AIM VCT plc reflects the company’s efforts to expand its capital base, potentially providing investors with an opportunity to participate in the company’s growth. The funds raised are expected to support the company’s strategic investments and operational objectives.
The information for this report is based on a press release statement.
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