13th Dec 2019 17:56
(Alliance News) - Pembroke VCT PLC on Friday reported a drop in first half net asset value of its ordinary shares, but a rise for its B share class.
At September 30, the investment company's NAV per ordinary share stood at 130.77 pence per share and its NAV per B share was 115.12p. This compares to a 138.27p per ordinary share and 111.90 per B share at the start of the six-month period.
The company said it intends to launch a new B share offer to raise up to GBP40 million.
Jonathan Djanogly, Pembroke chair, "The reason for launching the new offer was that the Investment Manager continues to see a strong pipeline of new opportunities, alongside a number of opportunities to invest in existing portfolio companies where the follow-on investments would accelerate their growth."
Shares in Pembroke closed untraded at 97.00 pence per share on Friday In London.
By Ife Taiwo; [email protected]
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