British Smaller Companies VCT PLC Close of Offers to New Applications
17 February 2024 - 2:51AM
RNS Regulatory News
RNS Number : 5014D
British Smaller Companies VCT PLC
16 February 2024
British
Smaller Companies VCT plc and British Smaller Companies VCT2 plc
(together the "Companies")
Close of
Offers to New Applications
The Companies launched offers for
subscription on 20 September 2023 seeking to raise £90 million in
aggregate for the 2023/24 tax year (the "Offers").
As a result of a strong level of
demand, the Companies have now received applications to the maximum
level permitted and, as a consequence, the Offers are now closed to
new applications.
The allotment of the first £30
million of Applications took place on 30 January 2024. It is
intended that the second and final allotment for the 2023/24 tax
year will take place on or around 3 April 2024, with certificates
issued within 10 working days thereafter.
The Companies have issued a
prospectus relating to the Offers (the "Prospectus"), which is
available from the Company's website:
www.bscfunds.com
and is available for inspection at
the National Storage Mechanism, which is located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please
contact:
David
Hall
YFM Private Equity
Limited
Tel: 0113 244 1000
Alex Collins
Panmure Gordon (UK)
Limited
Tel: 0207 886 2767
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