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LONDON - Puma VCT 13 plc announced Wednesday it has published a prospectus for a new share offering to raise up to £50 million, with an over-allotment facility for an additional £20 million. The Financial Conduct Authority has approved the prospectus dated September 24, 2025.
The offer for subscription of ordinary shares, each valued at £0.0005, is now open and scheduled to close by April 2, 2026, for shares to be allotted in the 2025/26 tax year. If extended by the company's directors, the offering would close no later than September 11, 2026, for shares to be allotted in the 2026/27 tax year.
Under the terms of the offer agreement, Puma Investment Management Limited (PIML), which serves as both the promoter of the offering and the investment manager of the company, will receive a promoter fee of up to 3% of the total amount raised.
Since PIML is considered a related party to Puma VCT 13 under UK Listing Rules, the company's board has confirmed it considers the transaction fair and reasonable for shareholders. Howard Kennedy Corporate Services LLP, the company's sponsor, has provided written confirmation supporting this assessment.
The prospectus has been submitted to the National Storage Mechanism and will be available for viewing online. Physical copies can be obtained from PIML's London office.
This information is based on a press release statement issued by the company.
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