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Blackfinch Spring VCT Announces New Share Allotment

Story Highlights
  • Blackfinch Spring VCT plc has allotted 4,592,057 Ordinary Shares to raise up to £20 million.
  • The shares will be listed on the London Stock Exchange, with trading expected to start on 28 March 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Blackfinch Spring VCT Announces New Share Allotment

Elevate Your Investing Strategy:

An announcement from Blackfinch Spring VCT Plc ( (GB:BFSP) ) is now available.

Blackfinch Spring VCT plc has announced the allotment of 4,592,057 Ordinary Shares as part of an Offer for Subscription, aiming to raise up to £20 million, with an additional over-allotment facility for another £20 million. The subscription prices for these shares ranged from 103.62p to 108.51p. Following this allotment, the total number of Ordinary Shares in issue is 57,262,319, which also represents the total voting rights in the company. The shares are set to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market, with dealings expected to commence on or around 28 March 2025. This move is significant for shareholders as it provides a clear denominator for calculating their interests under the FCA’s Disclosure Guidance and Transparency Rules.

More about Blackfinch Spring VCT Plc

YTD Price Performance: 2.59%

Average Trading Volume: 150

Technical Sentiment Signal: Sell

Current Market Cap: £50.18M

For detailed information about BFSP stock, go to TipRanks’ Stock Analysis page.

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