Issue of Equity and Total Voting Rights
Seneca Growth Capital VCT Plc (the "Company")
28 April 2021
Issue of Equity and Total Voting Rights
The Company announces that it has today allotted and issued 404,371 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 13 October 2020 to raise, in aggregate, up to £10 million with an over-allotment facility of up to a further £10 million (before issue costs) (the "Offer").
Pursuant to the Offer, and the £407,000 of valid applications received since 30 March 2021 (the cut-off date for the last allotment of shares made on 1 April 2021), and up to and including 26 April 2021 in respect of the 2021/2022 tax year, the Company has today allotted and issued 404,371 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 100.4p to 104.1p per share, calculated by reference to the unaudited net asset value of a B Share as at 29 March 2021 (100.4p per B Share as announced on 31 March 2021).