British Smaller Companies VCT2 Plc Publication of Prospectus and Circular re: offers (8049U)
October 20 2014 - 12:00PM
UK Regulatory
TIDMBSC
RNS Number : 8049U
British Smaller Companies VCT2 Plc
20 October 2014
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together "the Companies")
Publication of Prospectus and Circular re: offers
The Companies today announce that they are planning to raise, in
aggregate, up to GBP30 million, with an over allotment facility of
up to a further GBP10 million in aggregate, by way of prospectus
offers of new ordinary shares for subscription ("the Offers") in
order to increase their investment capacity.
On 20 October 2014, the Companies issued a prospectus (which is
comprised of a securities note, a registration document and a
summary document) and a circular relating to the Offers. The
proceeds will be allocated between the Companies in accordance with
the terms set out in the prospectus.
Applications will be considered on a first come first served
basis subject to the directors' discretion. Investors will be
permitted to make applications for new shares in either or both of
the 2014/15 and 2015/16 tax years and to invest in either or both
of the two Companies. The Offers in relation to the 2014/15 tax
year will close at 11:00 am on 4 April 2015 (11:00 am on 1 April
2015 for investors subscribing through CREST) and the Offers in
relation to the 2015/16 tax year will close at 11:00 am on 30 April
2015, unless fully subscribed at an earlier date and subject to the
directors' right to close the Offers at any time on or before 19
October 2015.
The issue of shares under the Offers will be subject to the
approval of the Companies' shareholders of resolutions relating to
the Offers at a general meeting and those shareholders will receive
a circular explaining the details of the Offers and giving notice
of those general meetings in due course.
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Gillian Martin Nplus 1 Singer Advisory LLP Tel: 020 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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