(Alliance News) - New Century AIM VCT 2 PLC on Wednesday said it has raised GBP215,626 through a subscription of shares.

New Century AIM VCT 2 is a London-based venture capital trust investing in AIM-listed companies.

The company said it will issue 506,760 shares priced at 42.55 pence per share. This represents a 13% discount to the shares closing price of 49.00p on Tuesday,

Its shares were flat at 49.00p each in London on Wednesday afternoon.

The shares represent about 10% of the existing share capital of New Century AIM VCT 2.

The company will hold its annual general meeting on June 30.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.