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05/14/2024 | News release | Distributed by Public on 05/14/2024 12:18

Praetura Growth VCT celebrates listing on the London Stock Exchange

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Praetura Growth VCT celebrates listing on the London Stock Exchange

Praetura Growth VCT celebrates listing on the London Stock Exchange
PGV
Posted: 14 May 202414 May 2024
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The London Stock Exchange welcomed the team from Praetura Investments to participate in the market closing following the first allotment of shares in Praetura Growth VCT. Praetura Growth VCT, a new launch from Praetura Investments, will primarily focus on investing in companies based in the North of England, enabling investors to diversify their portfolio and also help address the structural imbalance in the UK venture capital market. This was identified by Praetura's research, which revealed there is a £9bn funding gap for Northern small businesses seeking capital for growth.

About Praetura Growth VCT
Following 13 years of venture investing and successfully managing EIS funds, Praetura has launched the VCT alongside its other open offers, the Praetura EIS Growth Fund and Praetura Inheritance Tax Planning Service. The VCT will be managed by Praetura's venture capital arm, Praetura Ventures, and will co-invest alongside the established Praetura EIS Growth Fund.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
3.02
Listing/Admission to trading
10 Apr 2024
London Stock Exchange
10 Paternoster RowEC4M 7LSLondon, UK

Sam McArthur, Partner at Praetura Investments, said:
"After 13 years of successful investing in EIS-qualifying companies, the launch of Praetura Growth VCT was largely driven by demand from financial advisers looking for another way to access alternative investments with Praetura.

"A new VCT is extremely rare, with very few launched over the last decade. The launch underlines the strength of our differentiated proposition with a focus of investing in scale-up companies in the North of England where there is a significant opportunity for investors."

Advisors and Participants

Praetura was advised by a distinguished team, including:

  • Sponsor and Broker: Howard Kennedy Corporate Services LLP
  • Legal Advisor: Addleshaw Goddard LLP
  • Tax Advisor: PwC
  • Registrar: Link Market Services

About Praetura

Praetura Investments is a trading name of Praetura Ventures Ltd and is a specialist provider of alternative investment offerings and tax efficient solutions. Praetura Investments has launched the Praetura Growth VCT to build its range of award-winning investment solutions, including the Praetura EIS Growth Fund and Praetura Inheritance Tax Planning Service.

To learn more about Praetura Growth VCT, visit praeturainvestments.co.uk and follow them on social media for the latest updates.

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