Baronsmead Second Venture Trust PLC Offer for Subscription - Update (8926Q)
02 March 2021 - 11:41PM
UK Regulatory
TIDMBMD
RNS Number : 8926Q
Baronsmead Second Venture Trust PLC
02 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
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.
Baronsmead Second Venture Trust plc
2 March 2021
Offer for Subscription - Update
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"). On 15 February 2021 the Board announced that a further
GBP2.5 million of new shares had been released under the Over
Allotment Facility.
The Board has been advised that, on the basis of Subscription
Forms and Electronic Subscription Forms received during the course
of 2 March 2021, the Offer is now fully subscribed. Accordingly,
the Offer is now closed and no further subscriptions for new shares
will be accepted. In accordance with the terms of the Offer
investors whose Subscription Forms and/or Electronic Subscription
Forms are received after the Offer became fully subscribed will
have their subscription monies returned.
The next allotment of new shares under the Offer is expected to
be on or around 18 March 2021. Dealings in the new ordinary shares
issued pursuant to the Offer issued under this allotment will
become effective on 24 March 2021.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 baronsmeadvcts@greshamhouse.com
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March 02, 2021 07:41 ET (12:41 GMT)
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