TIDMVCBC

RNS Number : 8127A

Vertu Capital Limited

04 June 2021

4th June 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

Vertu Capital Limited

("VCBC" or the "Company")

Equity Fundraise

Vertu Capital Limited ("Vertu" or the "Company") announces it has completed (subject to certain conditions) an equity fundraise of GBP239,999.99 (gross) (the "Fundraise") through the issue of 23,999,999 ordinary shares (the "Fundraise Shares") at a price of 1.0 pence per ordinary share.

The Fundraise has been undertaken by way of a placing of new ordinary shares ("Placing") of no par value ("Ordinary Shares") in the share capital of the Company and was arranged by Optiva Securities Limited ("Optiva") with its clients. The Fundraise is to provide additional capital for the Company to pursue its investment strategy.

The Fundraise has been undertaken by means of the Placing pursuant to which, the Company will issue 23,999,999 ordinary shares at a price of 1.0p per new ordinary share ("Issue Price"), representing a discount of approximately 24% to the closing price of the ordinary shares on 2 June 2021 (being the last practicable dealing date prior to the pricing of this transaction).

Following Admission of the Fundraising Shares, which is expected to occur at 8.00 am on the 11 (th) June 2021, the total number of Ordinary Shares in the Company will be 143,999,998. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For more information please visit the Company's website at www.vertucapital.co.uk .

* * ENDS * *

For further information:

 
Vertu Capital Limited 
 Du Kiat Wai "William" - Chairman 
 www.vertucapital.co.uk              +603 5613 3388 
 
Optiva Securities Ltd 
 Jeremy King - (Financial Adviser)   +44 (0) 20 3137 1904

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June 04, 2021 03:00 ET (07:00 GMT)

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