Baronsmead Second Venture Trust PLC Allotment of Shares (2045V)
04 April 2023 - 12:49AM
UK Regulatory
TIDMBMD
RNS Number : 2045V
Baronsmead Second Venture Trust PLC
03 April 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
3 April 2023
Allotment of Shares
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 16 December 2022 that the Company, together with
Baronsmead 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 3 April 2023 and in accordance with the Allotment Formula set
out in the Prospectus, the Company allotted 19,054,821 Ordinary
Shares (the "New Ordinary Shares") pursuant to the third allotment
under the Offer conditional only on Admission (the timetable for
which is set out in more detail below). The New Ordinary Shares
were issued at prices of between 61.84 pence per New Ordinary Share
and 65.24 pence per New Ordinary Share, depending on the amount of
Offer Costs, any Initial Commission waived, any Initial Adviser
Charges and based on the net asset value of an Ordinary Share as at
24 March 2023 (as announced on 30 March 2023, being the last
published net asset value per Ordinary Share).
Application will shortly be made for the 19,054,821 New Ordinary
Shares to be admitted to the premium segment of the Official List
of the Financial Conduct Authority and to trading on the premium
segment of London Stock Exchange plc's main market for listed
securities ("Admission"). It is expected that Admission will occur
and dealing will commence in the New Ordinary Shares on or around 5
April 2023. When issued, the New Ordinary Shares will rank pari
passu with the existing Ordinary Shares.
As a result of the issue, the total number of Ordinary Shares in
issue will be 364,694,980 (excluding the 31,584,553 Ordinary Shares
currently held in Treasury) with each Ordinary Share carrying one
vote each. Therefore, the total voting rights in the Company will
be 364,694,980. This figure may be used by shareholders in the
Company 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 share capital of the Company under
the Disclosure Guidance and Transparency Rules.
The New Ordinary Shares will be issued in registered form and
may be held in uncertificated form. Definitive documents of title
are expected to be dispatched within 10 business days of allotment.
The New Ordinary Shares will be eligible for settlement through
CREST with effect from Admission.
Unless the context requires otherwise, terms defined in the
Prospectus have the same meaning where used in this
announcement.
For further information please contact:
Baronsmead VCT Investor Relations
020 7382 0999 baronsmeadvcts@greshamhouse.com
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
IOEIJMITMTIMBJJ
(END) Dow Jones Newswires
April 03, 2023 10:49 ET (14:49 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