Seneca Growth Capital VCT Plc (the
"Company")
11 December 2024
Issue of Equity and Total Voting
Rights
The Company announces that it has
today allotted and issued 765,079
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
12 September 2024 to
raise, in aggregate, up to £5 million with an over-allotment
facility of up to a further £5 million (before issue costs) (the
"Offer").
Pursuant to the Offer, and
the £415,834 of
valid applications received since 12
September 2024 (the launch of the new B Share Offer), and up to and
including 10 December 2024 in respect of
the 2024/2025 tax year, the Company has today allotted and
issued 765,079 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
53.3p to 56.1p per
share, calculated by reference to the unaudited
net asset value of a B Share as at 30 September 2024
(53.3p per B
Share as announced on 16 October 2024).
As a result of this allotment, the
number of shares now in issue is 8,115,376 ordinary shares of 1p
each and 24,268,425 B Shares. Therefore, the total number of voting
rights in the Company is 32,383,801.
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 20 December
2024.
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.
This announcement contains inside
information as stipulated under the UK version of the Market Abuse
Regulation No 596/2014 which is part of English law by virtue of
the European (Withdrawal) Act 2018, as amended. On publication of
this announcement via a regulatory information service, this
information is considered to be in the public domain.
For further information, please
contact:
Richard Manley, Seneca Growth
Capital VCT Plc at Richard.Manley@senecapartners.co.uk
Any enquiries in respect of the
Offer should be directed to:
Siobhan Pycroft
Seneca Partners Limited
01942 295 981
Siobhan.Pycroft@senecapartners.co.uk