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The latest update is out from Pembroke VCT ( (GB:PEMB) ).
Pembroke VCT plc has completed the allotment of 795,062 B Ordinary Shares as part of an Offer for Subscription, which aimed to raise up to £40 million, with an additional over-allotment facility of £20 million. The shares were issued at prices ranging from 99.30p to 105.08p per share, based on the unaudited net asset value as of 31 December 2024. This final allotment brings the total number of B Ordinary Shares issued under the Offer to 48,726,381, and the total number of voting rights in the company to 261,231,391. The shares are expected to be admitted to the Official List of the Financial Conduct Authority and begin trading on the London Stock Exchange around 1 May 2025. This move is significant for shareholders as it impacts their voting rights and requires them to notify changes in their interests under the FCA’s rules.
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: 1,947,270
Technical Sentiment Signal: Buy
For a thorough assessment of PEMB stock, go to TipRanks’ Stock Analysis page.