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LONDON - Puma (OTC:PMMAF) VCT 13 plc, an investment company, has finalized an equity issue today, raising a total of £70 million through the allotment of 1,143,826 new ordinary shares. This move comes as a part of the company’s latest offer for subscription, initially aiming to secure up to £50 million, with an additional over-allotment option of £20 million that was fully exercised.
The newly issued shares were priced between £1.2357 and £1.3122, based on the company’s most recent net asset value of 123.57p per share, as unveiled on January 13, 2025. With this final allotment, the company has now issued a cumulative total of 44,858,334 ordinary shares under the offer.
As a result of this issuance, Puma VCT 13’s total number of ordinary shares in circulation has reached 165,417,926, equating to the same number of voting rights. This figure serves as a reference for shareholders to determine their notification obligations under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The ordinary shares allocated in this round 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 May 19, 2025. Shareholders can anticipate the dispatch of definitive title documents within 10 business days following the allotment.
The closing of this offer marks a significant capital boost for Puma VCT 13, enabling the company to pursue further investment opportunities in line with its strategic objectives. This information is based on a press release statement from Puma VCT 13 plc.
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