British Smaller Companies VCT2 Plc Statement re proposed joint fundraising (9178E)
October 23 2018 - 8:00AM
UK Regulatory
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RNS Number : 9178E
British Smaller Companies VCT2 Plc
23 October 2018
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together "the Companies")
Statement re proposed joint fundraising
The Companies today announce that they are planning to raise up
to GBP30 million in aggregate, with an additional GBP5 million over
allotment facility, by way of a joint prospectus offer of new
ordinary shares for subscription in the 2018/19 tax year ("the
Offer") in order to increase their investment capacity.
It is intended that the Offer will be open to existing
shareholders (those on the register of one or both of the Companies
on 22 October 2018, the date before this announcement) for
approximately four weeks, and unless the Offer has been fully
subscribed by the end of that period, the Offer will then also be
available to new investors. It is anticipated that the Offer will
remain open until 5 April 2019, unless fully subscribed at an
earlier date and subject to the Companies' right to close the Offer
at any time.
Full details of the Offer (including confirmation of the amount
to be raised and details of the arrangements for existing
shareholders' priority) will be announced in late November/early
December and will then be available on the Companies' website
(www.bscfunds.com).
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 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.
END
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