Offer Update (8293C)
March 11 2011 - 11:24AM
UK Regulatory
TIDMBSV TIDMBSC
RNS Number : 8293C
British Smaller Companies VCT PLC
11 March 2011
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together "the Companies")
Offers for Subscription
Additional Allotment in respect of the Offers for Subscription
for the 2010/2011 Tax Year and Change of Closing Date in respect of
the Offers for Subscription for the 2011/2012 Tax Year
The Companies are seeking to raise up to GBP15 million, in
aggregate, by way of offers for subscription of up to 8,780,488
Ordinary Shares in British Smaller Companies VCT plc and of up to
12,811,388 Ordinary Shares in British Smaller Companies VCT2 plc
("Offers for Subscription"). Full details of the Offers for
Subscription are contained in a prospectus issued by the Companies
on 9 December 2010 ("Prospectus").
In respect of the Offers for Subscription for the 2010/2011 tax
year, in addition to the allotment of Ordinary Shares on 5 April
2011 as set out in the timetable in the Prospectus, the Directors
of the Companies have, in accordance with the terms and conditions
of the Offers for Subscription, agreed to an additional allotment
of Ordinary Shares on 22 March 2011. Accordingly, Ordinary Shares
will also be allotted on 22 March 2011 to investors whose
application forms in respect of the Offers for Subscription for the
2010/2011 tax year are received (and accepted) by the Companies by
11.00 am on that day.
In respect of the Offers for Subscription for the 2011/2012 tax
year, in accordance with the terms and conditions of the Offers for
Subscription, the Directors of the Companies have agreed to extend
the closing date from 29 April 2011 to 4 May 2011 as a result of
the bank holiday which has been announced for 29 April 2011.
Copies of the Prospectus have been submitted to the National
Storage Mechanism and are available to the public for viewing
online at the following web-site address:
http://www.hemscott.com/nsm.do. They can also be viewed on the Fund
Manager's website http://www.yfmep.co.uk.
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0161 832 7603
Jeff Keating Singer Capital Markets Limited Tel: 0203 205
7500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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