tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pembroke VCT Announces £40 Million Share Offer and New Company Secretary

Story Highlights
  • Pembroke VCT offers up to £40 million in shares, with potential for an extra £20 million.
  • Ben Harber is appointed as the new Company Secretary, replacing The City Partnership.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pembroke VCT Announces £40 Million Share Offer and New Company Secretary

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Pembroke VCT ( (GB:PEMB) ).

Pembroke VCT plc has announced the publication of a prospectus for a subscription offer of up to £40 million in B Ordinary Shares, with an additional over-allotment facility of £20 million. The offer is open for applications until April 2026 for the 2025/2026 tax year and June 2026 for the 2026/2027 tax year, with possible extensions until September 2026. The shares will be listed on the FCA’s Official List and traded on the London Stock Exchange. Pembroke Investment Managers LLP, the company’s investment manager, will receive a fee based on the value of each application. Additionally, Ben Harber has been appointed as the new Company Secretary, replacing The City Partnership (UK) Limited.

Spark’s Take on GB:PEMB Stock

According to Spark, TipRanks’ AI Analyst, GB:PEMB is a Neutral.

Pembroke VCT’s overall stock score of 53.6 reflects significant financial struggles due to negative profitability and cash flow. However, a strong balance sheet and positive corporate events, such as strategic share issuances, provide some optimism. Technical indicators are neutral, and valuation metrics are weak due to negative earnings.

To see Spark’s full report on GB:PEMB stock, click here.

More about Pembroke VCT

Average Trading Volume: 5,849

Technical Sentiment Signal: Buy

For a thorough assessment of PEMB stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1