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Share Name Share Symbol Market Type Share ISIN Share Description
Hygea Vct NEX:GB0031256109-GBX NEX Ordinary Share GB0031256109
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Issue of Equity

29/04/2020 12:45pm

GlobeNewswire Inc.


Hygea Vct (NEX:GB0031256109-GBX)
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Issue of Equity

Seneca Growth Capital VCT Plc (the "Company")

29 April 2020

Issue of Equity

The Company announces that it has today allotted and issued 48,151 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 16 July 2019 to raise, in aggregate, up to £10 million with an over-allotment facility of up to a further £10 million (before issue costs) (the "Offer").

Pursuant to the Offer, and the £43,000 of valid applications received since 1 April 2020 (the cut off date for the last allotment of shares made on 3 April 2020), and up to and including 27 April 2020 in respect of the 2020/2021 tax year, the Company has today allotted and issued 48,151 B Shares. In accordance with the allotment formula set out in the prospectus for the Offer, the B Shares have been allotted at the offer price of 89.3p per share, calculated by reference to the unaudited net asset value of a B Share as at 27 April 2020 (89.3p per B Share as announced on 27 April 2020).

As a result of this allotment, the number of shares now in issue is 8,115,376 ordinary shares of 1p each and 7,345,171 B Shares. Therefore, the total number of voting rights in the Company is 15,460,547.

In respect of this allotment, an application will be made by the Company to the Financial Conduct 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 May 2020.

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 DaviesSeneca Partners Limited01942 295 981John.Davies@senecapartners.co.uk

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