British Smaller Companies VCT2 Plc Offer for Subscription (2058T)
03 January 2017 - 10:59PM
UK Regulatory
TIDMBSC
RNS Number : 2058T
British Smaller Companies VCT2 Plc
03 January 2017
British Smaller Companies VCT2 plc
Offer for Subscription
The Board of British Smaller Companies VCT2 plc ("the Company")
is pleased to announce that the Company has today launched a new
share offer (the "Offer") to raise up to GBP4.25 million. Full
details of the Offer are contained in an offer document (the "Offer
Document") issued by the Company, dated 3 January 2017.
The Offer will be open to existing shareholders until 31 January
2017 and, unless the Offer has been fully subscribed, the Offer
will then be also be available to new investors from 1 February
2017.
The Offer Document is available from the Company's website:
www.bscfunds.com and will be posted to existing shareholders on 6
January 2017.
The Offer opens on 3 January 2017 and will close on 5 April
2017. The Offer will close earlier if it is fully subscribed.
Pursuant to the Offer, YFM Private Equity Limited, the Company's
investment adviser, will receive a fee of 3 per cent (of the gross
proceeds of the Offer) in respect of subscriptions received either
direct or through an adviser and 5 per cent (of the gross proceeds
of the Offer) for subscriptions received through an execution only
platform or broker. This constitutes a related party transaction
under Listing Rule 11.1.10R.
The Offer Document will shortly be available for inspection at
the National Storage Mechanism, which is located at:
http://www.morningstar.co.uk/uk/NSM
3 January 2017
For further information please contact:
David Hall YFM Private Equity Limited 0113 244 1000
Jonathan Becher Panmure Gordon (UK) Limited 0207 886 2715
This information is provided by RNS
The company news service from the London Stock Exchange
END
OFFUOVARBBAARAR
(END) Dow Jones Newswires
January 03, 2017 06:59 ET (11:59 GMT)
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Apr 2024 to May 2024
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From May 2023 to May 2024