Fuel Ventures VCT plc (the "Company")
Utilisation of over-allotment facility
On 15 December 2023 the Company launched an offer for subscription (the "Offer") seeking to raise £10 million in aggregate initially.
Following the successful launch, with applications received to date approaching £10 million and considering the continuing level of demand, the Company has today confirmed the use of £5 million of the over-allotment facility of £40 million included in the Offer. This increases the maximum amount which can be raised under the Offer to £15 million in aggregate.
Of the monies already subscribed, a total of £2.79 million has been invested in the following seven companies:
Hotel Manager (Remotioned Technologies Group Limited);
FundPath (Fundpath Limited);
SearchLand (Searchland Limited);
Lunio (PPC Protect Limited);
StudioSpace (Studiospace Technology Limited);
Wollit (Wollit Limited); and
Eleos (Eleos Life Limited).
The closing date of the Offer is Friday 29 November 2024. Completed paper/pdf/scanned (offline) applications with cleared funds have to be received by no later than 5.00pm on 29 November 2024; and completed online applications with cleared funds also have to be received by no later than 5.00pm on 29 November 2024.
The Prospectus is available from the Company's website:
and is also available for inspection at the National Storage Mechanism, which is located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Stan Williams
Fuel Ventures VCT plc
Robin Smeaton
The City Partnership (UK) Limited (Company Secretary)
Keith Lassman
Howard Kennedy Corporate Services LLP
keith.lassman@howardkennedy.com
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