REG - Baronsmead Second VT - Close of Offer to New Applications

Baronsmead Second Venture TrustAnnouncement

28/05/2025 10:30

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RNS Number : 4138K  Baronsmead Second Venture Trust PLC  28 May 2025

 

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Baronsmead SECOND Venture Trust plc

(the "Company")

 

LEI: 2138008D3WUMF6TW8C28

 

28 May 2025

 

Close of Offer to New Applications

The board of the Company (the "Board") announces that, on the basis of valid
applications received, the BSVT Offer is now closed to further subscriptions,
and no further applications for shares under the BSVT Offer will be accepted.

Therefore, as announced previously, the fourth allotment under the BSVT Offer
is expected to take place on or around 3 July 2025, which will be the final
allotment under the BSVT Offer.

The Board announced on 10 January 2025 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 the "BVT Offer" or
"BSVT Offer"). Full details of the Offers are contained in the Prospectus.

On 25 April 2025, the Board announced that it intended to extend the BSVT
Offer and have a fourth allotment on Thursday, 3 July 2025. This was in
addition to the third allotment which took place on 1 May 2025, as set out in
the Prospectus.

For the avoidance of doubt, the Offer in respect of Baronsmead Venture Trust
plc remains open to applications for 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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