Pembroke VCT Reports Decline In Ordinary Share Asset Value

(Alliance News) - Pembroke VCT PLC on Friday reported a drop in first half net asset value of its ...

Alliance News 13 December, 2019 | 5:56PM
Email Form

(Alliance News) - Pembroke VCT PLC on Friday reported a drop in first half net asset value of its ordinary shares, but a rise for its B share class.

At September 30, the investment company's NAV per ordinary share stood at 130.77 pence per share and its NAV per B share was 115.12p. This compares to a 138.27p per ordinary share and 111.90 per B share at the start of the six-month period.

The company said it intends to launch a new B share offer to raise up to GBP40 million.

Jonathan Djanogly, Pembroke chair, "The reason for launching the new offer was that the Investment Manager continues to see a strong pipeline of new opportunities, alongside a number of opportunities to invest in existing portfolio companies where the follow-on investments would accelerate their growth."

Shares in Pembroke closed untraded at 97.00 pence per share on Friday In London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pembroke VCT 95.00 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies