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LONDON - Puma (OTC:PMMAF) Alpha VCT plc has allotted 1,923,376 new ordinary shares as part of its ongoing fundraising effort, according to a statement released Wednesday.
The allotment forms part of the company’s offer for subscription launched earlier this year to raise up to £15 million, with an additional over-allotment facility for up to £5 million more, as outlined in its January 15 prospectus.
The newly issued shares were priced between £0.9879 and £1.0501 per share, calculated based on the company’s most recent unaudited net asset value of 98.79p per share as of May 31, which was announced on June 3.
Following this issuance, Puma Alpha VCT’s total ordinary shares in issue has increased to 33,898,101, representing the same number of voting rights in the company.
The company stated that application will be made for the newly allotted 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 of these shares is expected to commence around August 8, with definitive documents of title anticipated to be dispatched within 10 business days of the allotment.
The company noted that the total number of voting rights figure may be used by shareholders for calculations to determine if they need to notify their interest or changes to their interest in the company’s share capital under regulatory disclosure requirements.
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