LONDON - Praetura Growth VCT plc, a venture capital trust, has announced the allotment of 106,411 new ordinary shares following its recent offer for subscription, which could raise up to £20 million. The company, trading under the ticker LSE:PGOO, confirmed that these shares were allotted on Tuesday as part of the 2024/25 tax year's fundraising efforts.
The shares, priced between 95.98p and 97.00p, were issued in accordance with the terms outlined in the prospectus dated 8 November 2024. The pricing was based on the latest published net asset value (NAV) of 95.97p per ordinary share.
This latest allotment brings the total number of ordinary shares in the company to 3,534,066, which also corresponds to the total number of voting rights. Shareholders may use this figure as a reference for disclosing changes in their holdings as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has made arrangements for the new ordinary shares to be admitted to the Official List and to commence trading on the London Stock Exchange (LON:LSEG)'s main market around 16 December 2024. Shareholders can expect their CREST accounts to be credited shortly after the allotment, with definitive documents of title being dispatched within ten business days of the allotment.
This move is part of Praetura Growth VCT's strategy to raise capital for investment in a portfolio of growth-oriented companies. The funds raised through this offer are intended to provide the trust with additional resources to support its investment activities.
The information regarding the share issuance is based on a press release statement from Praetura Growth VCT plc.
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