Subscription offer and publication of the prospectus

Seneca Growth Capital VCT Plc (the “Company”)

August 26, 2022

SENECA GROWTH CAPITAL VCT PLC
(the company”)

Subscription offer and Publication of the Prospectus

Seneca Growth Capital VCT Plc (LSE: SVCT) is pleased to announce that it has published a prospectus relating to an offer to subscribe for ordinary B shares of 1 pence each of the Company to raise, in aggregate, up to £10 million with an over-allotment facility of up to an additional £10 million (before issue costs) (the “Offer”).

The Offering will commence on August 26, 2022 and is expected to close no later than 5:00 p.m. on April 5, 2023 for fiscal year 2022/23 and will close at 5:00 p.m. on August 18, 2023 for fiscal year 2023/24 (unless, in either case the Offer was fully subscribed before these dates or closed earlier at the discretion of the Directors).

Pursuant to an Offer Agreement dated 25 August 2022 relating to the Offer between, among others, the Company and Seneca Partners Limited (“SPL”), the Company’s investment manager, SPL as promoter of Offer will receive a sponsor fee of up to 5.5% of the request amount against each accepted request (with fee reductions applicable in certain cases (e.g., advance requests under the Offer)). The total amount of promotion fee payable to SPL under the Offer Agreement shall not exceed £600,000.

As SPL is a related party of the Company under the Listing Rules, the payment of a promotion fee by the Company to SPL is a transaction to which Listing Rule 11.1.10R applies.

To obtain a free copy of the Prospectus, private investors and financial advisers should contact Seneca Partners Limited on 01942 271 746 or 9 The Parks, Haydock WA12 0JQ. A downloadable version of the prospectus will also be available on the Company’s website: https://senecavct.co.uk/current-offer/. A copy of the Prospectus will shortly be provided to all shareholders of the Company, depending on their expressed communication preferences.

The Prospectus has been approved by the Financial Conduct Authority and will soon be available on the National Storage Mechanism’s online consultation site at the following address: data.fca.org.uk/#/nsm/nationalstoragemechanism.

For more information, please contact:

John Hustler, Seneca Growth Capital VCT Plc at [email protected]
Richard Manley, Seneca Growth Capital VCT Plc at [email protected]

Any inquiries regarding the Offer should be addressed to:

Siobhan Pyrcroft
Seneca Partners Limited
01942 295 981
[email protected]

Jacob L. Thornton