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
2 April 2024
Close of Offer to New Applications
The Board of Baronsmead Second
Venture Trust plc (the "Company") announced on 24 November
2023 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 £30 million in aggregate with the
discretion to utilise Over-allotment Facilities to raise up to a
further £20 million in aggregate (the "Offers" and each an "Offer"). Full details of the Offer are
contained in the Prospectus as supplemented by the supplementary
prospectus dated 19 January 2024.
On 14 March 2024, the Board
announced that it intended to utilise the Over-allotment Facility
and that Applications were being accepted to raise up to an
additional £10 million under the Offer using the Over-allotment
Facility.
The Board has been advised that, on
the basis of valid Applications received, the Offer is now closed
to further subscriptions, and no further Applications for New
Shares will be accepted.
Therefore, as announced previously,
the third Allotment under the Offer is expected to take place on or
around 3 April 2023, which will be the final Allotment under the
Offer.
For the avoidance of doubt, the
Offer in respect of Baronsmead Venture Trust plc is also closed to
Applications for New Shares.
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
