Pembroke VCT PLC Issue of Equity (4686K)

TIDMPEMV TIDMPEMB

RNS Number : 4686K

Pembroke VCT PLC

07 July 2017

Pembroke VCT plc (the "Company")

Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an Offer for Subscription of up to GBP15 million of B Ordinary Shares (the "Offer")

On 6 July 2017, 636,569 B Ordinary Shares (the "Shares") were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer prices at which the Shares were allotted were calculated by reference to the unaudited net asset value of a B Ordinary Share in the Company as at 31 December 2016 (as announced in the Quarterly Report of the Company released on 1 February 2017), being 107.13p per B Ordinary Share, adjusted for the dividend paid on 7 June 2017. The offer prices at which the Shares were issued and allotted ranged from 106.38p to 111.73p per B Ordinary Share.

Following this allotment, the Company's issued share capital is as follows:

   --     18,093,173 Ordinary Shares (including 2 Ordinary Shares issued as subscriber shares) 
   --     25,346,738 B Ordinary Shares 

Therefore, the total number of voting rights in the Company is 43,439,911. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FCA's Disclosure and Transparency Rules.

Application for the Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities will be made shortly and dealings are expected to commence on or around 10 July 2017. CREST accounts are expected to be credited as soon as practicable following the allotment and definitive documents of title are expected to be dispatched within ten business days of allotment.

Following this allotment, the total amount raised pursuant to the Offer is GBP13.9m. The Company confirms that the Offer is now closed to new applications.

For further information, please contact:

Pembroke VCT plc

[phone]

Peter Dubens

Cornerstone Communications

[phone]

Richard Acworth

Oakley Investment Managers LLP (Manager)

[phone]

Andrew Wolfson/Simon Male

The City Partnership (UK) Limited (Company Secretary)

[phone]

Doreen Nic

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEUBRARBRABRAR

(END) Dow Jones Newswires

July 07, 2017 07:00 ET (11:00 GMT)