British Smaller Companies VCT PLC Offer Update (6313O)
October 11 2021 - 2:49AM
UK Regulatory
TIDMBSV TIDMBSC
RNS Number : 6313O
British Smaller Companies VCT PLC
11 October 2021
11 October 2021
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together the "Companies")
Utilisation of over-allotment facility
The Companies are seeking to raise GBP40 million in aggregate
for the 2021/22 tax year by way of offers for subscription (the
"Offers") launched on 22 September 2021.
Following the successful launch, with applications received to
date exceeding GBP36 million and considering the continuing level
of demand, the Companies have today confirmed that the
over-allotment facility of GBP20 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 GBP60 million in
aggregate.
The Companies have issued a prospectus relating to the Offers
(the "Prospectus"). The proceeds will be allocated between the
Companies in accordance with the terms set out in the
Prospectus.
The Offers opened on 22 September 2021 and will close on 1 April
2022, or earlier if the Offers become fully subscribed.
The Prospectus is available from the Company's website:
www.bscfunds.com
and are available for inspection at the National Storage
Mechanism, which is located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767
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