Blackfinch Spring VCT plc (the "Company")
Issue of Ordinary Shares of £0.01 each ("Ordinary Shares") pursuant to an Offer for Subscription of up to £20 million of Ordinary Shares with an over-allotment facility for up to a further £10 million of Ordinary Shares (the "Offer")
The Company announces allotments on 3 April 2020 and 6 April 2020.
On 3 April 2020 343,483 Ordinary Shares were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer prices at which Ordinary Shares were allotted ranged from 100.00p to 102.57p per Ordinary Share.
On 6 April 2020 143,260 Ordinary Shares were allotted pursuant to the Offer. In accordance with the terms and conditions of the Offer, the offer prices at which Ordinary Shares were allotted ranged from 100.00p to 101.01p per Ordinary Share.
Following the allotments above, the number of Ordinary Shares in issue is 3,419,308 (including 2 Ordinary Shares issued as subscriber shares).
Therefore, the total number of voting rights in the Company is 3,419,308. 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 Ordinary Shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the premium segment of the London Stock Exchange's main market for listed securities will be made shortly and dealings are expected to commence on or around 9 April 2020. 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.
For further information, please contact:
Blackfinch Investments Limited (Investment Adviser)
01452 717070
The City Partnership (UK) Limited (Company Secretary)
0131 243 7215
Doreen Nic