Praetura Growth VCT PLC

Share Issue/Capital Change • Apr 9, 2024

National Storage Mechanism | Additional information

RNS Number : 8949J

Praetura Growth VCT Plc

09 April 2024

Praetura Growth VCT plc

Issue of Ordinary Shares

LEI: 9845004ZDC57AB064B97

On 14 June 2023, Praetura Growth VCT plc (the "Company") issued a 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 April 2024, 2,973,217 Ordinary Shares were allotted in relation to the 2023/24 tax year; and

·      on 9 April 2024, 44,700 Ordinary Shares were allotted in relation to the 2024/25 tax year (together the "Allotments").

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 Allotments was 100p per Ordinary Share.

Following the Allotments, the total number of Ordinary Shares in issue is 3,017,918 (including one original subscriber Ordinary Share). Therefore, the total number of voting rights in the Company is 3,017,918. 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 3,017,918 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 10 April 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 Company is managed by Praetura Ventures Limited ("Praetura Ventures"). Praetura Ventures is the venture capital and alternative investment manager associated with the wider Praetura Group, a Manchester based venture capital investor and small business lender. The Praetura Group has been supporting small and medium enterprises since 2011, raising capital and investing in the early stages of business lifecycles. The Praetura Group currently has assets under management of over £600 million, which includes Praetura Ventures with current assets under management of over £250 million.

The objective of the Company is to rise to the UK Government's levelling up agenda by providing growth funding to scalable businesses predominantly based in the North of England. The Company will invest in growth companies that require scale-up capital across a range of sectors including technology and healthcare but focused predominantly in the North of England .

The application deadline for the remainder of the Offer is 3pm on 31 May 2024. Investors seeking to take part in this offer should speak to their adviser or broker. Application Forms or more information on the VCT can be found at www.praeturainvestments.co.uk/vct/ or contact investments@praetura.co.uk.

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

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