Pembroke VCT ( (GB:PEMB) ) has provided an announcement.
Pembroke VCT PLC has announced the allotment of 857,788 B Ordinary Shares as part of an offer for subscription, aiming to raise up to £40 million with an additional over-allotment facility of £20 million. The shares were issued at prices ranging from 101.33p to 105.08p per share, based on the company’s net asset value as of December 2024. This allotment increases the total number of B Ordinary Shares to 260,436,329, which also represents the total voting rights in the company. The shares are set to be admitted to the Official List of the Financial Conduct Authority and traded on the London Stock Exchange, with dealings expected to commence around April 17, 2025.
Spark’s Take on GB:PEMB Stock
According to Spark, TipRanks’ AI Analyst, GB:PEMB is a Neutral.
Pembroke VCT’s overall stock score is 53.6, reflecting significant financial struggles with negative profitability and cash flow issues. 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: 1,947,326
Technical Sentiment Signal: Buy
See more data about PEMB stock on TipRanks’ Stock Analysis page.