Issue of Equity and Total Voting Rights
24 September 2021 - 2:45PM
Issue of Equity and Total Voting Rights
Seneca Growth Capital VCT Plc (the "Company")
24 September 2021
Issue of Equity and Total Voting Rights
The Company announces that it has today allotted
and issued 1,194,639 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 13 October 2020 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 £1,258,450 of
valid applications received since 14 June 2021 (the cut off date
for the last allotment of shares made on 15 June 2021), and up to
and including 22 September 2021 in respect of the 2021/2022 tax
year, the Company has today allotted and issued 1,194,639 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 prices
in the range of 104.6p to 110.7p per share, calculated by reference
to the unaudited net asset value of a B Share as at 30 June 2021
(104.6p per B Share as announced on 26 July 2021).
As a result of this allotment, the number of
shares now in issue is 8,115,376 ordinary shares of 1p each and
13,702,333 B Shares. Therefore, the total number of voting rights
in the Company is 21,817,709.
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 October 2021.
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.
The Offer is now closed to further applications.
The Company announces that under the Offer it received and accepted
valid applications to the value of £6,275,850 (before issue
costs).
This announcement contains inside information as
stipulated under the UK version of the Market Abuse Regulation No
596/2014 which is part of English law by virtue of the European
(Withdrawal) Act 2018, as amended. On publication of this
announcement via a regulatory information service, this information
is considered to be in the public domain.
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
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