Seneca Growth Capital VCT PLC Issue of Equity (0171V)
April 03 2019 - 7:46AM
UK Regulatory
TIDMHYG TIDMSVCT
RNS Number : 0171V
Seneca Growth Capital VCT PLC
03 April 2019
Seneca Growth Capital VCT Plc (the "Company")
3 April 2019
Issue of Equity
The Company announces that it has today allotted and issued
442,148 new B ordinary shares of 1p each in the Company ("B
Shares").
The shares were issued pursuant to an offer for subscription for
B Shares launched on 9 May 2018 to raise, in aggregate, up to GBP10
million with an over-allotment facility of up to a further GBP10
million (before issue costs) (the "Offer").
The Company made an initial allotment of B Shares on 23 August
2018, at which point Seneca Partners Limited was appointed as the
Company's investment manager and, as at 2 April 2019, the Company
had allotted a total of 4,679,648 B Shares under the Offer.
Pursuant to the Offer, and the GBP444,650 of valid applications
received since the last allotment up to and including 2 April 2019
in respect of the 2018/2019 tax year, the Company has today
allotted and issued 442,148 B Shares at offer prices in the range
of 99.1p to 104.9p per share (calculated in accordance with the
allotment formula set out in the prospectus for the Offer).
As a result of this allotment, the number of shares now in issue
is 8,115,376 ordinary shares of 1p each and 5,121,796 B Shares.
Therefore, the total number of voting rights in the Company is
13,237,172.
In respect of this allotment, an application will be made by the
Company to the UK Listing Authority and to the London Stock
Exchange for the B Shares so issued to be admitted to the Official
List and to trading on the London Stock Exchange's main market for
listed securities. It is expected that the admission of the B
Shares will become effective and dealings will commence on or
around 4 April 2019.
The above statement of voting capital may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest, or a
change to their interest, in the Company under the FCA's Disclosure
Guidance and Transparency Rules.
For further information, please contact:
John Hustler, Seneca Growth Capital VCT Plc at
john.hustler@btconnect.com
Richard Manley, Seneca Growth Capital VCT Plc at
Richard.Manley@senecapartners.co.uk
Any enquiries in respect of the Offer should be directed to:
John Davies
Seneca Partners Limited
01942 295 981
John.Davies@senecapartners.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOESSDFFDFUSELL
(END) Dow Jones Newswires
April 03, 2019 07:46 ET (11:46 GMT)
Seneca Growth Capital Vct (LSE:SVCT)
Historical Stock Chart
From Apr 2024 to May 2024
Seneca Growth Capital Vct (LSE:SVCT)
Historical Stock Chart
From May 2023 to May 2024