British Smaller Companies VCT2 Plc Over Allotment Facility (9493G)
March 09 2015 - 12:24PM
UK Regulatory
TIDMBSC
RNS Number : 9493G
British Smaller Companies VCT2 Plc
09 March 2015
British Smaller Companies VCT2 plc
Issue of Equity
British Smaller Companies VCT2 plc (the "Company") and British
Smaller Companies VCT plc are seeking to raise GBP30 million in
aggregate by way of offers for subscription ("Offers"). Full
details of the Offers are contained in a prospectus issued by the
Company and British Smaller Companies VCT plc on 20 October 2014
(the "Prospectus").
Following the successful launch, the level of funds raised to 6
March 2015 under the Offers total more than GBP28 million and as a
result of the continuing level of demand the directors have today
confirmed that the over allotment facility of GBP10 million
included in the Offers will be used in relation to the Offers. This
increases the maximum amount which can be raised under the Offers
to GBP40 million in aggregate.
The Offers remain open and will close no later than 11:00 am on
4 April 2014 in respect of the 2014/2015 Offer and not later than
11:00 am on 30 April 2015 in respect of the 2015/2016 Offer, unless
the Offers are fully subscribed at an earlier date.
A copy of the Prospectus was 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 Company's website
http://www.bscfunds.com.
9 March 2015
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Emily Watts Nplus1 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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