REG - Baronsmead Second VT - Change of allotment date

Baronsmead Second Venture TrustAnnouncement

04/01/2024 16:00

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RNS Number : 7052Y  Baronsmead Second Venture Trust PLC  04 January 2024

Baronsmead SECOND Venture Trust plc

(the "Company")

 

4 January 2024

 CHANGE OF ALLOTMENT DATE

On 25 November 2023 Baronsmead Venture Trust plc and Baronsmead Second Venture
Trust plc 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 wish to advise that it has decided to delay the proposed date of the
first allotment of shares on 11 January 2024, as set out in the Prospectus.
 The reason for the delay is to ensure that the allotment price is based upon
the most recent valuation of the portfolio available. The Board and the
Investment Manager are working to determine a more up to date NAV and an
announcement will be released to the London Stock Exchange in due course.

The anticipated revised date of the first allotment will be Friday, 26 January
2024.

In order to be allotted shares in the revised first allotment, applications
via cheque will need to be received by 19 January 2024 and applications via
bank transfer by 23 January 2024.  As a result of the revised allotment date,
the early bird offer as set out on page 45 of the Prospectus, will now also be
extended to 23 January 2024, subject to cleared funds being received by the
Receiving Agent and up to a maximum of £7.5 million for each VCT.

The next scheduled allotment date is 15 February 2024 with the third
allotment date being on 28 March 2024.  As stated in the Prospectus, the
fourth allotment will only take place if the Offer is not fully subscribed by
3 April 2024.

For further information please contact:

 

Baronsmead VCT Investor Relations

Telephone: +44 (0)20 7382 0999

baronsmeadvcts@greshamhouse.com

 

LEI: 2138008D3WUMF6TW8C28

 

 

 

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