Baronsmead Second Venture Trust PLC Issue of New Shares (5229Q)
26 February 2021 - 10:26PM
UK Regulatory
TIDMBMD
RNS Number : 5229Q
Baronsmead Second Venture Trust PLC
26 February 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME
COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION,
INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
LEI: 2138008D3WUMF6TW8C28
26 February 2021
Baronsmead Second Venture Trust plc
Issue of New Shares pursuant to the Offer for Subscription
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 17 September 2020 that it had published a Prospectus
in conjunction with Baronsmead Venture Trust plc in relation to an
offer for subscription to each raise up to GBP20 million (before
costs) with an over-allotment facility to each raise up to a
further GBP17.5 million (the "Offer").
The Company has today allotted a further 3,812,670 New Shares at
an issue price of 82.20 pence pursuant to the fourth allotment
under the Offer. The issue price had been calculated by reference
to the Company's latest published net asset value of 81.97 pence
per existing share as at 31 January 2021, adjusted to take account
of the 3.5 pence per existing share which went ex-dividend on 4
February 2021, divided by 0.955 rounded up to the nearest 0.1 pence
in accordance with the terms of the Offer.
Applications have been made for the New Shares to be admitted to
the Official List (with a Premium Listing) and to the London Stock
Exchange for the New Shares to be admitted to trading on the Main
Market. It is expected that Admission will occur and dealing will
commence in the New Shares to be issued pursuant to the Offer at
8.00 a.m. on 4 March 2021.
It is expected that share certificates and tax certificates in
respect of the New Shares will be issued to the relevant
Shareholders within 10 business days of the date of the
allotment.
Total voting rights
Each Ordinary Share has one voting right. Following the issue of
New Shares pursuant to the Offer, the Company will have 304,014,063
Ordinary Shares in issue (of which 26,310,870 Ordinary Shares are
held in treasury). The total number of voting rights in the Company
will therefore be 277,703,193 and this figure may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Disclosure and
Transparency Rules.
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.
The issue and the distribution of this announcement and the
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEEAFAKAALFEFA
(END) Dow Jones Newswires
February 26, 2021 06:26 ET (11:26 GMT)
Baronsmead Second Venture (LSE:BMD)
Historical Stock Chart
From Apr 2024 to May 2024
Baronsmead Second Venture (LSE:BMD)
Historical Stock Chart
From May 2023 to May 2024