British Smaller Companies VCT PLC Statement re Proposed Joint Fundraising (5685N)
October 01 2012 - 5:03AM
UK Regulatory
TIDMBSV TIDMBSC
RNS Number : 5685N
British Smaller Companies VCT PLC
01 October 2012
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together "the Companies")
Statement re: proposed joint fundraising
The Companies today announce that they are planning to raise up
to GBP15 million in aggregate in order to increase their investment
capacity taking advantage of the increased investment limits that
now apply to venture capital trusts. It is intended British Smaller
Companies VCT plc will raise up to GBP10 million and British
Smaller Companies VCT2 plc will raise up to GBP5 million.
The full terms of the offer will be set out in a detailed
prospectus to be approved by the UK Listing authority. The offer
will be subject to the approval of the shareholders of British
Smaller Companies VCT plc and British Smaller Companies VCT2 plc
who will receive a circular explaining the details of the offer in
due course.
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0161 832 7603
Matthew Thomas 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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