Pembroke VCT Raises Funds Through Dividend Reinvestment Scheme
The prominent investment company has raised funds through its Flexible Dividend Reinvestment Scheme, pricing the shares at a premium to the previous close.
The prominent investment company has raised funds through its Flexible Dividend Reinvestment Scheme, pricing the shares at a premium to the previous close.
The venture capital trust has announced a major equity raise of up to £60 million, with the funds likely to be used for general corporate purposes and growth investments.
The investment company has announced a director has sold a portion of their shareholding.
The investment fund raised £40 million in an oversubscribed offer, with an additional £20 million over-allotment facility. The shares were issued at a premium to the previous closing price, suggesting strong investor appetite.
The investment company has closed its offer for subscription of new shares, with the final allotment to take place on 23 April 2025.
The CEO of Pembroke Investment Managers LLP, the manager of Pembroke VCT plc, has purchased 20,140 shares in the company.
The retailer has announced a director has purchased additional shares in the company.