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Blackfinch Spring VCT Expands Issue of Ordinary Shares

Story Highlights
  • Blackfinch Spring VCT Plc focuses on investments in growth businesses through tax-efficient venture capital trusts.
  • The company has issued over 2.6 million Ordinary Shares, boosting its total shares to nearly 72 million for enhanced market opportunities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Blackfinch Spring VCT Expands Issue of Ordinary Shares

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Blackfinch Spring VCT Plc ( (GB:BFSP) ) has shared an announcement.

Blackfinch Spring VCT Plc has announced the allotment of 2,627,266 Ordinary Shares as part of its £20 million subscription offer, with an over-allotment facility of up to an additional £20 million. Following the allotment, the total number of shares issued stands at 71,963,071, reflecting the company’s continued effort to enable shareholder participation and fund growth initiatives. The newly issued shares will be admitted to the London Stock Exchange’s main market, allowing for enhanced liquidity and market presence.

More about Blackfinch Spring VCT Plc

Blackfinch Spring VCT Plc operates in the investment industry, focusing on venture capital trusts (VCTs). The company provides investment opportunities aimed at supporting growth-stage businesses while offering tax-efficient investment options to its shareholders.

Average Trading Volume: 60,525

Technical Sentiment Signal: Buy

Current Market Cap: £63.94M

See more data about BFSP stock on TipRanks’ Stock Analysis page.

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