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RNS Number : 8920I Baronsmead Second Venture Trust PLC 02 April 2024
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, THE UNITED STATES OR ANY MEMBER STATE OF THE EEA (OTHER THAN ANY
MEMBER STATE OF THE EEA WHERE THE COMPANY'S SECURITIES MAY BE LEGALLY
MARKETED), OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM
PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION
Baronsmead SECOND Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
2 April 2024
Close of Offer to New Applications
The Board of Baronsmead Second Venture Trust plc (the "Company") announced on
24 November 2023 that the Company, together with Baronsmead Venture Trust
plc, had 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"). Full details of the Offer are
contained in the Prospectus as supplemented by the supplementary prospectus
dated 19 January 2024.
On 14 March 2024, the Board announced that it intended to utilise the
Over-allotment Facility and that Applications were being accepted to raise up
to an additional £10 million under the Offer using the Over-allotment
Facility.
The Board has been advised that, on the basis of valid Applications received,
the Offer is now closed to further subscriptions, and no further Applications
for New Shares will be accepted.
Therefore, as announced previously, the third Allotment under the Offer is
expected to take place on or around 3 April 2023, which will be the final
Allotment under the Offer.
For the avoidance of doubt, the Offer in respect of Baronsmead Venture Trust
plc is also closed to Applications for New Shares.
Terms used in this announcement have the same meaning as defined in the
Prospectus.
For further information please contact:
Baronsmead VCT Investor Relations
020 7382 0999
baronsmeadvcts@greshamhouse.com (mailto:baronsmeadvcts@greshamhouse.com)
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