Baronsmead Second Venture Trust PLC Update on Offer for Subscription (3986T)
November 14 2023 - 5:05AM
UK Regulatory
TIDMBMD
RNS Number : 3986T
Baronsmead Second Venture Trust PLC
14 November 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF 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
LEI: 2138008D3WUMF6TW8C28
14 November 2023
Update on Offer for Subscription
Following the announcement made on 5 September 2023 of an
intention to fundraise by Baronsmead Second Venture Trust plc (the
"Company"), the Board of 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 and
the Board of BVT. Having considered the deployment of funds over
the past year and the current pipeline of investment opportunities,
the Company and BVT are seeking to raise GBP15 million each with
the discretion to utilise an over-allotment facility of up to a
further GBP10 million each.
The prospectus, which will contain the full details and terms
and conditions of the Offer, will be available from
www.baronsmeadvcts.co.uk as soon as the Offer is launched, which is
expected to be towards the beginning of December 2023. Further
details with respect to the 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 therefore.
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