Baronsmead Second Venture Trust PLC Offer for Subscription - Update (4948X)
November 24 2017 - 8:27AM
UK Regulatory
TIDMBMD
RNS Number : 4948X
Baronsmead Second Venture Trust PLC
24 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 SECOND VENTURE TRUST PLC
24 November 2017
Offer for Subscription - Update
On 4 October 2017, Baronsmead Second Venture Trust plc (the
"Company") published a prospectus (the "Prospectus") in relation to
an offer for subscription to raise up to GBP24 million (the
"Offer").
The Board is pleased to announce that as at close of business on
23 November 2017 the Company had raised gross proceeds of over
GBP21 million pursuant to the Offer. The Offer remains open to
Existing Shareholders and new investors and there remains
approximately GBP3 million of New Shares available for
allotment.
Subscriptions will be processed by the Receiving Agent on a
"first come, first served" basis. Existing Shareholders and new
investors who wish to participate in the Offer should return a
completed Subscription Form to the Receiving Agent, as set out in
the Prospectus, as soon as possible.
It is expected that the final allotment of New Shares pursuant
to the Offer will take place on or around 20 December 2017 or
earlier if the Offer becomes fully subscribed.
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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