LONDON - Seneca Growth Capital VCT Plc (LSE: SVCT), a venture capital trust, has disclosed that Richard Manley, a Non-Executive Director at Seneca Partners, has increased his investment in the company by purchasing 18,761 new B Ordinary Shares. The acquisition, part of the company's ongoing Offer for Subscription that was first announced on September 12, 2024, was executed at a price of 53.3p per share.
Following this transaction, which took place today, Manley's total beneficial interest in the company's B Shares has risen to 148,422, equating to approximately 0.61% of the B Shares category. Overall, his holdings now represent 0.46% of the total voting rights in Seneca Growth Capital VCT Plc, factoring in both B Shares and Ordinary Shares.
This purchase was made outside of a trading venue, and it is the initial notification regarding Manley's transaction. The company's legal entity identifier is 213800VP9N3LOQZ22441. Additional details of the transaction, including the identification code for the B Ordinary shares (GB00BG13MH08), were provided in line with regulatory requirements for public disclosure of transactions by persons discharging managerial responsibilities and their associates.
This financial activity comes amidst the company's efforts to raise capital through public offerings, allowing investors such as Manley to expand their stake in the venture trust. The transaction is a straightforward increase in shareholding by a director and does not suggest broader market trends or company performance implications.
The information in this article is based on a press release statement from Seneca Growth Capital VCT Plc.
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