Baronsmead Second Venture Trust PLC Update on Fundraising (7702K)
06 January 2021 - 9:37PM
UK Regulatory
TIDMBMD
RNS Number : 7702K
Baronsmead Second Venture Trust PLC
06 January 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
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REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME
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CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION,
INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
BARONSMEAD SECOND VENTURE TRUST PLC
LEI: 2138008D3WUMF6TW8C28
6 January 2021
Update on Fundraising
On 17 September 2020 Baronsmead Second Venture Trust plc (the
"Company") launched, in conjunction with Baronsmead Venture Trust
plc an offer for subscription (the "Offer") to each raise up to
GBP20 million together with an over allotment facility to each
raise up to a further GBP17.5 million (the "Over Allotment
Facility").
The Directors have been advised that, on the basis of the
subscription forms that have been received so far, the Company will
soon have raised the initial GBP20 million. Therefore, the Board
has resolved that it is in the best interests of shareholders to
utilise the Over Allotment Facility and subscriptions will be
accepted to raise an additional GBP10 million, subject to the terms
of the Offer. The Board will monitor the volume of subscriptions
received from shareholders in relation to the Over Allotment
Facility and the levels of investment activity and may release the
remaining GBP7.5 million of new shares available under the Over
Allotment Facility in due course.
Further information
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
Notes
This announcement does not constitute or form part of any offer
to issue or sell, or any solicitation of any offer to subscribe or
purchase, any investment in any jurisdiction, nor shall it (or the
fact of its distribution) form the basis of, or be relied on in
connection with, any contract therefor.
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Prospectus in certain jurisdictions may be restricted by law and
persons into whose possession any document or other information
referred to in this announcement and the Prospectus comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
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