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
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(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;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

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

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