PEMBROKE VCT PLC

Share Issue/Capital Change • Feb 2, 2022

National Storage Mechanism | Additional information

RNS Number : 4672A

Pembroke VCT PLC

02 February 2022

Pembroke VCT plc (the "Company")

Issue of B Ordinary Shares of 1p each ("B Ordinary Shares") pursuant to an Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the "Offer")

On 1 February 2022, 4,576,095 B Ordinary Shares (the "Shares") were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer prices at which the Shares were allotted were calculated by reference to the unaudited net asset value of a B Ordinary Share in the Company as at 30 September 2021 of 124.2p per B Ordinary Share once adjusted for the dividend of 3.0p per B Ordinary Share payable on 22 November 2021 with a record date of 22 October 2021 giving 121.2p per B Ordinary Share.  The offer prices at which the Shares were issued and allotted ranged from 121.20p to 130.11p per B Ordinary Share.

Following the allotment above, the total number of B Ordinary shares in issue is 150,223,889.  Therefore, the total number of voting rights in the Company is 150,223,889.  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 Shares to be admitted to 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 8 February 2022.  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.

Following this allotment, the total number of shares issued pursuant to the Offer is 20,933,781 B Ordinary Shares. 

For further information, please contact:

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com

Keith Lassman

Howard Kennedy Corporate Services LLP

+44 20 3755 5561

Media enquiries (Press Office)

Zoe Powell

Share Communications

team@sharecomms.co.uk

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