BLACKFINCH SPRING VCT-,01

Blackfinch Spring VCT has published a prospectus for an offer to subscribe for ordinary shares aiming to raise up to £20m, with an over-allotment option for a further £20m. The offer opens today and runs until 15:00 on 23 August 2027 at the latest, or earlier at the board's discretion. Investment manager Blackfinch Investments Limited will receive placing commissions of up to 5.5% of gross proceeds; in addition, a fee of £10,000 plus 0.12% of subscriptions will be paid for receiving agent services. The unaudited net asset value per ordinary share was 86.16p on 7 August 2026 after payment of an interim dividend of 2.2p; the prospectus is available in the National Storage Mechanism and on the company's website for inspection. » More on de.investing.com

Blackfinch Spring VCT has completed the final allocation of 747,754 ordinary shares under the public subscription offer. The shares were allotted at prices between 87.47p and 90.22p per ordinary share and increase the total number of issued ordinary shares to 88,045,142, which is also the total number of voting rights. Admission of the newly issued shares to trading on the London Stock Exchange’s main market has been applied for; dealings and credit to CREST accounts are expected in the coming days, and definitive share certificates are to be dispatched within ten business days. » More on de.investing.com

Blackfinch Spring VCT has issued 2,627,266 new ordinary shares at prices between 96.15p and 99.64p as part of the subscription offer launched in September. The issue is to raise up to £20m (plus an over-allotment option for a further £20m) and increases the issued share capital to 71,963,071, representing the total voting rights. The new shares are expected to be admitted to the FCA list around 19 December, credited to CREST shortly thereafter, and definitive share certificates will be sent within ten business days. » More on de.investing.com