Praetura Growth VCT
plc
Issue of Ordinary
Shares
LEI: 9845004ZDC57AB064B97
On 14 June 2023, Praetura Growth VCT
plc (the "Company") issued
a prospectus (the "Prospectus") relating to an offer for
subscription of up to £10 million of ordinary shares of £0.01 each
("Ordinary Shares"),
together with an over-allotment facility of up to a further £10
million of Ordinary Shares (the "Offer").
The Board of the Company are pleased
to announce that, pursuant to the Offer:
· on 5
June 2024, 409,737 Ordinary Shares were allotted in relation to the
2024/25 tax year (the "Allotment").
In accordance with the terms and
conditions of the Offer, the offer prices at which the Ordinary
Shares were allotted were calculated by reference to the latest
published NAV per Share (assumed to be 100p per Share or last
published NAV per Share, if any such revised NAV is announced
during the Offer). The offer price at which the Ordinary Shares
were issued and allotted under the Allotment was 100p per Ordinary
Share.
Following the Allotment, the total
number of Ordinary Shares in issue is 3,427,655 (including one
original subscriber Ordinary Share). Therefore, the total number of
voting rights in the Company is 3,427,655. 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 the 409,737 Ordinary
Shares to be admitted to the premium segment of the Official List
of the Financial Conduct Authority and to trading on the London
Stock Exchange's main market for listed securities will be made
shortly and dealings are expected to commence on or around 6 June
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.
The Offer closed for further
applications on 31 May 2024, as set out in the Prospectus, and this
is the final allotment under the Offer.
For
further information, please contact:
Sam McArthur
Praetura Ventures Limited
(Investment Manager)
sam.mcarthur@praetura.co.uk
Marc Proudfoot
Howard Kennedy Corporate Services
LLP
020 3755 5459