British Smaller Companies VCT2 Plc Offer for Subscription (3940I)
December 08 2015 - 9:10AM
UK Regulatory
TIDMBSC
RNS Number : 3940I
British Smaller Companies VCT2 Plc
08 December 2015
British Smaller Companies VCT2 plc
Offer for Subscription
The Board of British Smaller Companies VCT2 plc ("the Company")
is pleased to announce that the Company has today launched a new
share offer (the "Offer") to raise up to GBP3,600,000. Full details
of the Offer are contained in an offer document (the "Offer
Document") issued by the Company, dated 8 December 2015.
The Offer will be open to existing shareholders until 31 January
2016 and, unless the Offer has been fully subscribed, the Offer
will then also be made available to new investors from 1 February
2016.
The Offer Document is available from the Company's website,
www.bscfunds.com, and will be posted to existing shareholders on 11
December 2015.
The Offer opens on 8 December 2015 and will close on 5 April
2016. The Offer will close earlier if it is fully subscribed.
Pursuant to the Offer, YFM Private Equity Limited, the Company's
Investment Adviser, will receive 3 per cent (of the gross proceeds
of the Offer) in respect of subscriptions received either direct or
through a financial adviser and 5 per cent (of the gross proceeds
of the Offer) for subscriptions received through an execution only
platform or broker. This constitutes a related party transaction
under Listing Rule 11.1.10R.
The Offer Document will shortly be available for inspection at
the National Storage Mechanism, which is located at:
http://www.morningstar.co.uk/uk/NSM
8 December 2015
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Gillian Martin Nplus1 Singer Advisory LLP Tel: 0207 496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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