Baronsmead Venture Trust PLC Update on Fundraising (7669K)
06 January 2021 - 9:35PM
UK Regulatory
TIDMBVT
RNS Number : 7669K
Baronsmead Venture Trust PLC
06 January 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
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CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION,
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REPUBLIC OF SOUTH AFRICA.
BARONSMEAD VENTURE TRUST PLC
LEI: 213800VQ1PQHOJXDDQ88
6 January 2021
Update on Fundraising
On 17 September 2020 Baronsmead Venture Trust plc (the
"Company") launched, in conjunction with Baronsmead Second Venture
Trust plc, an offer for subscription (the "Offer") to each raise up
to GBP20 million together with an over allotment facility to each
raise up to a further GBP17.5 million (the "Over Allotment
Facility").
The Directors have been advised that, on the basis of the
subscription forms that have been received so far, the Company has
raised the initial GBP20 million. Therefore, the Board has resolved
that it is in the best interests of shareholders to utilise the
Over Allotment Facility and subscriptions will be accepted to raise
an additional GBP10 million, subject to the terms of the Offer. The
Board will monitor the volume of subscriptions received from
shareholders in relation to the Over Allotment Facility and the
levels of investment activity and may release the remaining GBP7.5
million of new shares available under the Over Allotment Facility
in due course.
Further information
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
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.
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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
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failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
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END
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