British Smaller Companies VCT2 Plc Offer Update (9155P)
February 14 2023 - 11:35AM
UK Regulatory
TIDMBSC TIDMBSV
RNS Number : 9155P
British Smaller Companies VCT2 Plc
14 February 2023
14 February 2023
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together the "Companies")
Utilisation of over-allotment facility
On 30 November 2022 the Companies launched offers for
subscription (the "Offers") seeking to initially raise GBP50
million in aggregate for the 2022/23 tax year.
Following the successful launch, with applications received to
date exceeding GBP45 million and considering the continuing level
of demand, the Companies have today confirmed that the
over-allotment facility of GBP25 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 GBP75 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 30 November 2022 and the deadline for
receipt of Application Forms and cleared funds is 31 March 2023, or
earlier if the Offers become fully subscribed.
The Prospectus is available from the Company's website:
www.bscfunds.com
and is also 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
OUPUSUNRORUUAAR
(END) Dow Jones Newswires
February 14, 2023 11:35 ET (16:35 GMT)
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Jun 2024 to Jul 2024
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Jul 2023 to Jul 2024