LONDON - Puma (OTC:PMMAF) VCT 13 PLC has made a significant new allotment of equity, issuing 3,129,141 Ordinary Shares following its recent offer to raise capital. The company, which operates as a venture capital trust, announced the issuance under its existing offer for subscription, aimed to raise up to £50 million with an additional over-allotment facility of up to £20 million.
The shares, each with a nominal value of £0.0005, were allotted at prices ranging from £1.2482 to £1.3365, based on the net asset value per share of 127.82p as of September 30, 2024, adjusted for dividends distributed on December 16, 2024. This allotment brings the total number of Ordinary Shares in issue to 138,590,234, equating to the same number of voting rights within the company.
Shareholders may use this total as a reference for disclosure requirements under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The admission of these shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)'s main market is anticipated to occur around January 13, 2025, with definitive documents of title expected to be dispatched within 10 business days of the allotment.
This equity issue is part of Puma VCT 13's strategy to provide additional funds for its investment activities. The company's approach to raising capital reflects its ongoing efforts to expand its portfolio and provide returns to its investors. The issuance follows the guidelines set out in the prospectus dated September 24, 2024, and adheres to the regulatory framework for listed securities in the UK.
The information in this article is based on a press release statement from Puma VCT 13 PLC.
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