LONDON - Pembroke VCT PLC, a venture capital trust, has corrected the commencement date for dealings of its recently allotted B Ordinary Shares. The company clarified that trading on the London Stock Exchange (LON:LSEG) is expected to start around November 27, 2024, amending the previously stated date.
On October 9, 2024, Pembroke VCT issued 1,610,329 B Ordinary Shares under an Offer for Subscription that could raise up to £40 million with an additional £20 million over-allotment option. The shares were priced between 100.81p and 107.81p, based on the unaudited net asset value per B Ordinary Share of 102.8p as of June 30, 2024. This valuation was adjusted for a dividend recorded on September 6 and paid on October 4, 2024, amounting to 2.0p per share.
The total number of B Ordinary Shares in circulation following this allotment has reached 218,641,514, which also represents the total voting rights in the company. This figure serves as a reference for shareholders to determine whether they need to disclose their shareholding changes according to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Applications have been submitted for the new shares to be listed on the Financial Conduct Authority's Official List and to commence trading on the main market of the London Stock Exchange. CREST accounts will be credited post-allotment, and share certificates are expected to be dispatched within ten business days.
This press release statement serves as the basis for the updated information regarding Pembroke VCT's equity issue.
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