REG - Baronsmead Second VT - CHANGE OF ALLOTMENT DATE & EXTENSION OF THE OFFER

Baronsmead Second Venture TrustAnnouncement

20/03/2024 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST5741Ha&default-theme=true

RNS Number : 5741H  Baronsmead Second Venture Trust PLC  20 March 2024

Baronsmead SECOND Venture Trust plc

(the "Company")

 

LEI: 2138008D3WUMF6TW8C28

 

20 March 2024

 

CHANGE OF ALLOTMENT DATE AND EXTENSION OF THE OFFER

 

On 24 November 2023 Baronsmead Venture Trust plc and Baronsmead Second Venture
Trust published a prospectus (the "Prospectus") in relation to offers for
subscription to raise up to £30 million in aggregate with the discretion to
utilise over-allotment facilities to raise up to a further £20 million in
aggregate (the "Offers" and each an "Offer").

The board of Baronsmead Second Venture Trust plc (the "Board") wish to advise
that it has decided to delay the proposed date of the third allotment of
shares in the Company from 28 March 2024, as set out in the Prospectus. The
reason for the delay is to ensure that investors have the maximum amount of
time to apply for subscriptions under the Offer and still be allotted in the
current 2023/24 tax year.  It is expected that the NAV announced for 29
February 2024, published on 6 March 2024, will be utilised for the allotment,
subject to any material movements prior to the allotment date.

 

The anticipated revised date of the third allotment in respect of the Company
will be Wednesday, 3 April 2024.

 

In order to be allotted shares in the revised third allotment, applications
via cheque will need to be received by 12 noon on 25 March 2024 and
applications via bank transfer by 9.00 am on 2 April 2024.

 

As stated in the Prospectus, the Offer will close on 3 April 2024 in relation
to the 2023/24 tax year, unless the Board decides to extend the Offer or the
Offer is fully subscribed or otherwise closed before this time. The Board has
agreed to extend the Offer in relation to the Company into the 2024/25 tax
year until fully subscribed or otherwise closed. The fourth and final
allotment is expected to take place on or around 2 May 2024.

 

For further information please contact:

 

Baronsmead VCT Investor Relations

Telephone: +44 (0)20 7382 0999

baronsmeadvcts@greshamhouse.com (mailto:baronsmeadvcts@greshamhouse.com)

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  OUPEAXDEASKLEEA