SVCT Seneca Growth Capital Vct Plc

 
TIDMHYG TIDMSVCT 
 
 
   Seneca Growth Capital VCT Plc (the "Company") 
 
   9 December 2020 
 
   Issue of Equity and Total Voting Rights 
 
   The Company announces that it has today allotted and issued 1,670,747 
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 GBP10 
million with an over-allotment facility of up to a further GBP10 million 
(before issue costs) (the "Offer"). 
 
   Pursuant to the Offer, and the GBP1,519,000 of valid applications 
received since 13 October 2020 (the launch of the new B Share Offer), 
and up to and including 7 December 2020  in respect of the 2020/2021 tax 
year, the Company has today allotted and issued 1,670,747 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 90.4p to 94.7p per share, calculated by reference to the unaudited 
net asset value of a B Share as at 30 September 2020 (90.4p per B Share 
as announced on 5 October 2020). 
 
   As a result of this allotment, the number of shares now in issue is 
8,115,376 ordinary shares of 1p each and 9,062,948 B Shares. Therefore, 
the total number of voting rights in the Company is 17,178,324. 
 
   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 15 December 
2020. 
 
   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 information above is deemed by the Company to constitute inside 
information as stipulated under the Market Abuse Regulations (EU No. 
596/2014). Upon the publication of this announcement via a Regulatory 
Information Service this inside information is now 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 
 
   Any enquiries in respect of the Offer should be directed to: 
 
   John Davies 
 
   Seneca Partners Limited 
 
   01942 295 981 
 
   John.Davies@senecapartners.co.uk 
 
 
 
 

(END) Dow Jones Newswires

December 09, 2020 10:49 ET (15:49 GMT)

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