Issue of Equity

By

Regulatory News | 27 Jun, 2024

Updated : 10:08

RNS Number : 1573U
Blackfinch Spring VCT PLC
27 June 2024
 

 

Blackfinch Spring VCT plc (the "Company")

 

Issue of Ordinary Shares of £0.01 each ("Ordinary Shares") pursuant to an Offer for Subscription dated 7 September 2023 of up to £20 million of Ordinary Shares with an over-allotment facility for up to a further £10 million of Ordinary Shares (the "Offer")

 

 

The Company announces an allotment on 26 June 2024 in respect of 1,067,083 Ordinary Shares pursuant to the Offer.  In accordance with the Offer Price set out in the prospectus containing details of the Offer, the subscription prices at which Ordinary Shares were allotted ranged from 102.94p to 105.60p per Ordinary Share.

 

Following this allotment, the number of Ordinary Shares in issue is 41,445,054 (including 2 Ordinary Shares issued as subscriber shares).

 

Therefore, the total number of voting rights in the Company is 41,445,054.  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 these Ordinary Shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the premium segment of the London Stock Exchange's main market for listed securities will be made shortly and dealings are expected to commence on or around 5 July 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:

 

Blackfinch Investments Limited (Investment Manager)

01452 717070

 

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEKDLBLZQLBBBD

Last news