Baronsmead Second Venture Trust PLC Update on Offer for Subscription (7058L)
September 14 2021 - 4:36AM
UK Regulatory
TIDMBMD
RNS Number : 7058L
Baronsmead Second Venture Trust PLC
14 September 2021
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 Second Venture Trust plc
14 September 2021
Update on Offer for Subscription
Following the announcement made on 5 August 2021, the Board of
Baronsmead Second Venture Trust plc (the "Company") has discussed
the size and structure of the proposed offer for subscription which
the Company intends to launch in conjunction with Baronsmead
Venture Trust plc ("BVT") (the "Offer") with the Company's
investment manager. Having considered the deployment of funds over
the year and the current pipeline of investment opportunities, each
of the Company and BVT is seeking to raise GBP25 million with the
discretion to utilise an over-allotment facility of up to a further
GBP12.5 million each.
The prospectus, which will contain the full details and terms
and conditions of the Offer, will be available from
www.www.baronsmeadvcts.co.uk as soon as the Offer is launched,
which is expected to be towards the beginning of November 2021.
Further details with respect to the Company's Offer will be
announced in due course.
For further information please contact:
Baronsmead VCT Investor Relations
Telephone - 020 7382 0999
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 for
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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