British Smaller Companies VCT PLC Strategy/Company/Ops Update (6892W)
December 13 2023 - 11:00AM
UK Regulatory
TIDMBSV TIDMBSC
RNS Number : 6892W
British Smaller Companies VCT PLC
13 December 2023
13 December 2023
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together the "Companies")
Utilisation of over-allotment facility
On 20 September 2023 the Companies launched offers for
subscription (the "Offers") seeking to initially raise GBP65
million in aggregate for the 2023/24 tax year.
Following the successful launch, with applications received to
date approaching GBP60 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 full. This increases the maximum amount which can
be raised under the Offers to GBP90 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 deadline for receipt of Application Forms and cleared funds
is 28 March 2024, 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
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