Seneca Growth Capital VCT plc Offer For Subscription

 
TIDMHYG TIDMSVCT 
 
   Seneca Growth Capital VCT Plc 
 
   Publication of a Prospectus 
 
   13 October 2020 
 
   SENECA GROWTH CAPITAL VCT PLC 
 
   (the "Company") 
 
   Offer for Subscription 
 
   The Board of Seneca Growth Capital VCT Plc is pleased to announce that 
the Company has published a prospectus in relation to an offer for 
subscription for B ordinary shares of 1p each in the Company 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 Offer will open on 13 October 2020 and is expected to close no later 
than 5.00 p.m. on 1 April 2021 in relation to the tax year 2020/21, and 
will close at 5.00 p.m. on 28 May 2021 in relation to the tax year 
2021/22 (unless, in either case, the Offer has been fully subscribed 
before these dates or earlier/later at the discretion of the Directors 
subject to a long stop date of 24 September 2021). 
 
   Pursuant to an Offer Agreement dated 13 October 2020 relating to the 
Offer between, among others, the Company and Seneca Partners Limited 
("SPL"), the investment manager of the Company, SPL as the promoter of 
the Offer will receive a promoter fee of up to 5.5% of the application 
amount in relation to each accepted application (with reductions to the 
fee applying in certain cases (for instance, early applications under 
the Offer)). The aggregate amount of promoter fee to be paid to SPL 
under the Offer Agreement shall not exceed GBP340,000. 
 
   As SPL is a related party of the Company under the Listing Rules, the 
payment of a promoter fee by the Company to SPL, is a transaction to 
which Listing Rule 11.1.10R applies. 
 
   To obtain a copy of the Prospectus, free of charge, private investors 
and financial advisers should call Seneca Partners Limited on 01942 
271746 or at 9 The Parks, Haydock WA12 0JQ. A downloadable version of 
the prospectus will also be available from the Company's website: 
https://www.globenewswire.com/Tracker?data=F4jel4-ONeOHUReF_09rejCidryKl5WK63jKRIOjNM12jQHVB3iN3jO6MTH_oLk0BViTQG3Y7oRyWgES__ZBWw56Ez6iVREdSfpobiwoVSMdkEQJSeFPf1FK5f058l4p 
www.senecavct.co.uk/key-documents. A copy of the Prospectus will shortly 
be provided to all  shareholders of the Company, depending on their 
expressed communication preferences. 
 
   The Prospectus has been approved by the Financial Conduct Authority and 
will shortly be available to view at the online viewing facility of the 
National Storage Mechanism at the following website address: 
https://www.globenewswire.com/Tracker?data=dpCpiiI2LhfWdplGNNYlYEiGTopy6kclMW5OR3e_fKhianfZx5_o7jQP_Hnx3kSnWjAXaSwpuLSDnpVnsEsNFVI0ow57aqY00eaQLE5gwLpT0w1SfKiUt7sOVUtetSm3l2KkUMbAg_BkcymCcXVYEyDzoyYc0nsMs79MTFFCI-g= 
data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
   For further information, please contact: 
 
   John Hustler, Seneca Growth Capital VCT Plc at 
[e-mail] 
https://www.globenewswire.com/Tracker?data=VGx1UAk1sxqTzpYwBcuVhFfntr3_lM6j4Jop8jmuCwCBRMugqu2YJi-3onIDBuLgyRL_aiVYlJyj3lHaVeP88rVKtq7CBmSS-7vYnqS5odB59KZMAZKUMfZTWW1R2oDsWwlGRbhyN1hEs6vg-mENQvyy9yKEeTG9YMgRlUHm2i4LJ2F8bydZFxw9Im6S29wspXzy98pCDrsZELg8oN1mlY581J7LaAIxR4P6yfNV4IuktwVZtifuhL_UljrvHNJ2A0K3gLYkSW3nuTCsAni-VIYkXV21RIq7phEvohkUqgs= 
 
 
   Richard Manley, Seneca Growth Capital VCT Plc at 
[e-mail] 
 
   Any enquiries in respect of the Offer should be directed to: 
 
   John Davies 
 
   Seneca Partners Limited 
 
   01942 295 981 
 
   [e-mail] 
https://www.globenewswire.com/Tracker?data=TmXhybVUjLXIsaUZR3D7xHp0fu1ezoWMUnDXQxUpZy8cjkdeuzU2d2ufDM167tpI-IF4yln-uNB-d7WWSN8DUCWSWSgtH4aFS6MzgjHyc5-pDwYSdsJy6FisRiSZkFDa 
 
 
 
 
 

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October 13, 2020 11:22 ET (15:22 GMT)

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