British Smaller Companies VCT2 Plc Increase of Offer Size (5762B)
April 04 2013 - 6:20AM
UK Regulatory
TIDMBSC
RNS Number : 5762B
British Smaller Companies VCT2 Plc
04 April 2013
British Smaller Companies VCT2 plc
Increase of Size of Offer for Subscription
The Board of British Smaller Companies VCT2 plc (the "Company")
is pleased to announce that the Company and British Smaller
Companies VCT plc ("BSC") (together "the Companies") have received
applications under the joint offer for subscription in the
Companies launched on 16 November 2012 ("Offers for Subscription")
approaching the original capacity of up to a maximum of GBP15
million, in aggregate, of funds raised.
Full details of the Offers for Subscription are contained in a
prospectus issued by the Companies on 16 November 2012 (the
"Prospectus"). As stated (and as defined) in the Prospectus the
Offer Price per ordinary share of 10 pence in the capital of the
Company, for applications received after 28 December 2012 and on or
before 30 April 2013 (or such other date as the directors of the
Companies should choose to extend the Offers for Subscription), is
either 68.00 pence per ordinary share (for applications received
through intermediaries offering financial advice and for direct
applications) or 69.50 pence per ordinary share (for applications
received through intermediaries not offering financial advice).
In accordance with the Prospectus, the Boards of the Companies
have exercised their discretion to extend the maximum subscription
under the Offers for Subscription beyond the original GBP15 million
to GBP20 million, in aggregate.
As previously announced the 2012/13 Offers for Subscription will
close at 11:00 am on Friday, 5 April 2013. The 2013/14 Offers for
Subscription will remain open until 11:00 am on 30 April 2013,
unless maximum subscription is reached before this date or the
directors of the Companies choose to extend the offer period.
A copy of the Prospectus has been submitted to the National
Storage Mechanism and is available to the public for viewing online
at the following web-site address: http://www.hemscott.com/nsm.do.
It can also be viewed on the Companies' website
http://www.yfmep.com.
4 April 2013
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 294 5055
Matthew Thomas Nplus1 Singer Advisory LLP Tel: 0203 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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