British Smaller Companies VCT2 Plc Offer Update (6314O)

TIDMBSC TIDMBSV

RNS Number : 6314O

British Smaller Companies VCT2 Plc

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

OUPUAVNRARURARA

(END) Dow Jones Newswires

October 11, 2021 02:51 ET (06:51 GMT)

British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Jun 2024 to Jul 2024