Vector Capital PLC – London-based commercial lending company – Says it has accepted tenders for 10.5 million shares at 33 pence each, for GBP3.5 million in total. Tender offer closed on Tuesday afternoon, and validly tendered shares will be cancelled effective from Tuesday next week. Company says Non-Executive Director Ross Andrews tendered all 263,158 of his ordinary shares, for approximately GBP86,842. Notes that it is scheduled to have trading in its shares on AIM cancelled with effect from the morning of September 16.

Current stock price: 27.00p, up 1.9% on Friday afternoon in London

12-month change: down 33%

By Emma Curzon, Alliance News reporter

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VECTOR CAPITAL (VCAP) – Featured in Investors Chronicle
Trading ahead of 2021 profit estimates
• Double-digit earnings growth forecast in 2022
• Enlarged wholesale borrowing facilities
• 2022 forward price/earnings (PE) ratio of 9 and prospective dividend yield of 6 per cent

Climate change is at the top of the political agenda this week thanks to Cop26 taking place in Glasgow in a few days’ time……

Revenue for the year through December climbed 20% year-on-year to around £4.3 million, amid 8.2% growth in the loan book to £36.4 million.

In a trading update, Vector Capital (VCAP) said it delivered a ‘robust performance’ for the year ended 31 December 2020 despite the impact of the ongoing COVID-19 pandemic.

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Vector Capital provides £3.3m for four housing developments