Fuel Ventures VCT plc (the
"Company")
Issue of Ordinary Shares of 1p each
("Ordinary Shares") pursuant to an Offer for Subscription for up to
£10 million of Ordinary Shares with an over-allotment facility for
up to a further £40 million of Ordinary Shares (the
"Offer")
On 4 December 2024,
1,780,892 Ordinary Shares (the "Shares") were
allotted pursuant to the Offer. In accordance with the terms
and conditions of the Offer, the offer prices at which the Shares
were allotted were calculated by reference to the latest published
NAV per Share (assumed to be 100p per Share or last published NAV
per Share, if any such revised NAV is announced during the Offer).
The offer price at which the Shares were issued and allotted is
100.00p per Ordinary Share.
As announced on 31 July 2024, the Offer
closed for further applications at 5.00pm on 29 November 2024 and
this is the final allotment under the Offer, having raised in
excess of £10m under the Company's first fund raise since
launch
Following the allotment above, the total number
of Ordinary Shares in issue is 10,257,181
(including two original subscriber Ordinary Shares).
Therefore, the total number of voting rights in the Company
is 10,257,181. 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 Shares to be admitted to the
Official List of the Financial Conduct Authority and to trading on
the London Stock Exchange's main market for listed securities will
be made shortly and dealings are expected to commence on or
around 13 December 2024. 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:
Stan Williams
Fuel Ventures Limited (Partner)
stan@fuel.ventures
Marc Proudfoot
Howard Kennedy Corporate Services LLP
020 3755 5459
Robin Smeaton
The City Partnership (UK) Limited (Company
Secretary)
enquiries@city.uk.com
