NOT FOR RELEASE, DISTRIBUTION OR
PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR
INTO, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE
UNITED STATES OR ANY MEMBER STATE OF THE EEA (OTHER THAN ANY MEMBER
STATE OF THE EEA WHERE THE COMPANY'S SECURITIES MAY BE LEGALLY
MARKETED), OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY
SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENTS
IN ANY JURISDICTION.
Baronsmead Venture Trust plc
LEI: 213800VQ1PQHOJXDDQ88
19 March 2024
Close of Offer to New Applications
The Board of Baronsmead Venture
Trust plc (the "Company")
announced on 24 November 2023 that the Company, together with
Baronsmead Second Venture Trust plc, had published a prospectus
(the "Prospectus") in
relation to offers for subscription to raise up to £30 million in
aggregate with the discretion to utilise Over-allotment Facilities
to raise up to a further £20 million in aggregate (the
"Offers" and each an
"Offer"). Full details of
the Offer are contained in the Prospectus as supplemented by the
supplementary prospectus dated 19 January 2024.
On 2 February 2024, the Board
announced that it intended to utilise the Over-allotment Facility
and that Applications were being accepted to raise up to an
additional £10 million available under the Over-allotment
Facility.
The Board has been advised that, on
the basis of valid Applications received, the Offer is now fully
subscribed. Accordingly, the Offer is now closed to new
subscriptions and no further Applications for New Shares will be
accepted.
As announced previously, the third
Allotment under the Offer is expected to take place on or around
28 March 2024.
For the avoidance of doubt, the
Offer in respect of Baronsmead Second Venture Trust plc remains
open.
Terms used in this announcement have
the same meaning as defined in the Prospectus.
For further information please
contact:
Baronsmead VCT Investor
Relations
020 7382 0999
baronsmeadvcts@greshamhouse.com