Baronsmead Venture Trust PLC Offer for Subscription - Update (6578V)
06 November 2017 - 10:15PM
UK Regulatory
TIDMBVT
RNS Number : 6578V
Baronsmead Venture Trust PLC
06 November 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH
AFRICA OR ANY JURISDICTION IN WHICH THE SAME COULD BE UNLAWFUL. THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF
SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA.
BARONSMEAD VENTURE TRUST PLC
6 November 2017
Offer For Subscription - Update
On 4 October 2017 Baronsmead Venture Trust plc (the "Company")
launched an offer for subscription to raise up to GBP21 million
(the "Offer"). The Offer was open exclusively to satisfy
subscriptions from Existing Shareholders until 16 October 2017 and
was then open to all investors. The Company issued 19,228,312 New
Shares at an issue price of 94.80 pence on 26 October 2017 under
the Offer.
The directors of the Company have been advised that, on the
basis of Subscription Forms received during the course of 3
November 2017, the Offer has become fully subscribed. In accordance
with the terms of the Offer investors whose Subscription Forms are
received after this time will have their Subscription automatically
allocated to the Baronsmead Second Venture Trust plc offer for
subscription, which remains open, unless the investor has
specifically stipulated on the Subscription Form that they do not
want this to happen.
A further announcement in relation to the second allotment of
New Shares under the Offer will be made shortly.
Definitions
Terms defined in the Prospectus have the same meanings in this
announcement unless the context requires otherwise.
Further information
For further information please contact.
Michael Probin - VCT investor relations
Livingbridge VC LLP
020 7506 5796
Notes
This announcement does not constitute or form part of any offer
to issue or sell, or any solicitation of any offer to subscribe or
purchase, any investment in any jurisdiction, nor shall it (or the
fact of its distribution) form the basis of, or be relied on in
connection with, any contract therefor.
The issue and the distribution of this announcement and the
Prospectus in certain jurisdictions may be restricted by law and
persons into whose possession any document or other information
referred to in this announcement and the Prospectus comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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