Baronsmead Second Venture Trust PLC Update on Fundraising (3677U)
28 March 2023 - 3:23AM
UK Regulatory
TIDMBMD
RNS Number : 3677U
Baronsmead Second Venture Trust PLC
27 March 2023
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY MEMBER STATE
OF THE EEA (OTHER THAN ANY MEMBER STATE OF THE EEA WHERE THE
COMPANY'S SECURITIES MAY BE LEGALLY MARKETED), OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART
OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION.
Baronsmead Second Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
27 March 2023
Offer for Subscription - Close of Offer
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 16 December 2022 that the Company, together with
Baronsmead Second Venture Trust plc, had published a prospectus
(the "Prospectus") in relation to offers for subscription to raise
up to GBP40 million in aggregate with the discretion to utilise
over-allotment facilities to raise up to a further GBP10 million in
aggregate (the "Offers" and each an "Offer").
On 9 March 2023, the Board announced that it intended to utilise
the Over-allotment Facility and that Applications were being
accepted to raise up to an additional GBP5 million available under
the Over-allotment Facility.
The Board has been advised that, on the basis of valid
Applications received under the Offer, the Offer is now fully
subscribed. Accordingly, the Offer is now closed and no further
Applications for New Shares will be accepted.
As announced previously, the Final Allotment under the Offer is
expected to take place on or around 3 April 2023.
For the avoidance of doubt, the Offer in respect of Baronsmead
Venture Trust plc is also closed.
Terms used in this announcement have the same meaning as defined
in the Prospectus.
For further information please contact:
Baronsmead VCT Investor Relations
020 7382 0999 baronsmeadvcts@greshamhouse.com
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