Baronsmead Venture Trust PLC Offer for Subscription - Update (6208G)
18 March 2020 - 9:39PM
UK Regulatory
TIDMBVT
RNS Number : 6208G
Baronsmead Venture Trust PLC
18 March 2020
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 FOR 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 THE REPUBLIC OF SOUTH
AFRICA.
Baronsmead Venture Trust plc
18 March 2020
Offer for Subscription - Update
The Board of Baronsmead Venture Trust plc (the "Company")
announced on 4 October 2019 that it had published a prospectus in
conjunction with Baronsmead Venture Trust plc in relation to an
offer for subscription to each raise up to GBP20 million in
aggregate (before costs) with an over-allotment facility to each
raise up to a further GBP5 million in aggregate (the "Offer").
The Board of the Company has been advised that, on the basis of
Subscription Forms and Electronic Subscription Forms received
during the course of 17 March 2020, the Offer (including the
over-allotment facility) has become fully subscribed. In accordance
with the terms of the Offer investors whose Subscription Forms
and/or Electronic Subscription Forms are received after the Offer
became fully subscribed will have their subscription monies
returned in accordance with the terms and conditions of the
Offer.
The fourth and final allotment of New Shares under the Offer is
expected to be on or around 31 March 2020. Dealings in the new
ordinary shares issued pursuant to the Offer will become effective
on 1 April 2020.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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