Praetura Growth VCT Plc Issue of Equity

RNS Number : 5658P

Praetura Growth VCT Plc

10 December 2024

 

Praetura Growth VCT plc

Issue of Ordinary Shares

LEI: 9845004ZDC57AB064B97

On 8 November 2024, Praetura Growth VCT plc (the "Company") issued a prospectus (the "Prospectus") relating to an offer for subscription of up to £10 million of ordinary shares of £0.01 each ("Ordinary Shares"), together with an over-allotment facility of up to a further £10 million of Ordinary Shares (the "Offer").

The Board of the Company are pleased to announce that, pursuant to the Offer:

·      on 10 December 2024, 106,411 Ordinary Shares were allotted in relation to the 2024/25 tax year (the "Allotment").

In accordance with the terms and conditions of the Offer, the offer prices at which the Ordinary Shares were allotted ranged from 95.98p to 97.00p per Ordinary Share and were calculated by reference to the latest published NAV per Ordinary Share in the Company being 95.97p per Ordinary Share.

Following the Allotment, the total number of Ordinary Shares in issue is 3,534,066 (including one original subscriber Ordinary Share). Therefore, the total number of voting rights in the Company is 3,534,066. 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 Guidance and Transparency Rules.

Application for the 106,411 Ordinary Shares to be admitted to the Official List of the Financial Conduct 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 16 December 2024. 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.

 

For further information, please contact:

Sam McArthur

Praetura Ventures Limited (Investment Manager)

[e-mail]

 

Marc Proudfoot

Howard Kennedy Corporate Services LLP

020 3755 5459

 

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