The VCT company has successfully raised £15.6 million through a placing of new shares, priced at a premium to the previous closing price. The funds will be used to support the firm's growth strategy.
The investment trust has amended its alternative investment fund management agreements, including changes to the management fee structure.
The VCT company has announced a small equity raise to fund its dividend reinvestment scheme, with the new shares issued at a 5.25% discount to the previous closing price.
The investment trust has closed its offers for new applications after receiving the maximum level of demand.
The venture capital trust reported a 1.50p increase in Total Return, with strong performance from many portfolio companies. New investments and a healthy dividend were announced, alongside a successful fundraising effort.
The investment trust is increasing the maximum amount it can raise under its current offer to £85 million, up from the initial £60 million, in response to continued investor demand.
The retailer provides an update on its new share offers, indicating strong investor demand.
The investment company has launched new share offers for the 2025/26 tax year, seeking to raise up to £60 million with an over-allotment facility of up to a further £25 million.
The investment company reports a 1% increase in net asset value per share in Q1, but cautions on the uncertain economic outlook, with potential headwinds from inflation and interest rate cuts.