British Smaller Companies VCT2 Plc Utilisation of over-allotment facility (3059O)
29 January 2019 - 2:00AM
UK Regulatory
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RNS Number : 3059O
British Smaller Companies VCT2 Plc
28 January 2019
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together the "Companies")
Utilisation of over-allotment facility
The Companies are seeking to raise GBP30 million in aggregate
for the 2018/19 tax year by way of offers for subscription (the
"Offers") launched on 27 November 2018.
Following the successful launch, based on the level of
applications received to date and the continuing level of demand
the Companies have today confirmed that the over-allotment facility
of GBP5 million included in the Offers will be used in relation to
the Offers. This increases the maximum amount which can be raised
under the Offers to GBP35 million in aggregate.
The Offers opened on 27 November 2018 and will close on 5 April
2019, or earlier if the Offers become fully subscribed.
The Companies have issued a prospectus, which is comprised of a
securities note, a registration document and a summary document,
relating to the Offers (the "Prospectus"). The proceeds will be
allocated between the Companies in accordance with the terms set
out in the Prospectus.
The Prospectus is available from the Companies' website:
www.bscfunds.com and is available for inspection at the National
Storage Mechanism, which is located at:
www.morningstar.co.uk/uk/nsm
For further information please contact:
Tracey Nice
Investor Relations Support Manager
T: 0113 261 6478
E: tracey.nice@yfmep.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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contact rns@lseg.com or visit www.rns.com.
END
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