British Smaller Companies VCT2 Plc Launch of Top-up Offer (8998Z)
December 20 2017 - 3:50AM
UK Regulatory
TIDMBSC
RNS Number : 8998Z
British Smaller Companies VCT2 Plc
20 December 2017
British Smaller Companies VCT2 plc ("the Company")
Launch of Top-up Offer
The Company announces that it intends to launch a top-up offer
("the Offer") of new ordinary shares for subscription in the
2017/18 tax year. It is envisaged that the Offer will seek to raise
a total of up to approximately GBP4.4 million (equivalent to EUR5
million at current exchange rates).
It is expected that the Offer will open on 11 January 2018 and
will close at 5.00 pm on 5 April 2018, or earlier if fully
subscribed. A document has been sent today to registered
shareholders informing them that the Offer is to be launched. Full
details of the Offer will be contained in an offer document which
is expected to be published on 11 January 2018.
Priority will be given to applications from shareholders or
their spouses/civil partners who are on the register of the Company
at the close of business on 20 December 2017. Priority for existing
shareholders and their spouses/civil partners will expire at the
close of business on Friday 2 February 2018, when the offer (if not
then fully subscribed) will be made available to the general
public. Shares will be allocated on a first-come-first-served basis
in respect of valid applications, with a minimum subscription of
GBP3,000.
20 December 2017
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Jonathan Becher Panmure Gordon (UK) Limited Tel: 0207 886 2715
This information is provided by RNS
The company news service from the London Stock Exchange
END
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