REG - Baronsmead Second VT - Update on Offer for Subscription

Baronsmead Second Venture TrustAnnouncement

14/11/2023 10:15

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RNS Number : 3986T  Baronsmead Second Venture Trust PLC  14 November 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION
CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.

Baronsmead Second Venture Trust plc

LEI: 2138008D3WUMF6TW8C28

14 November 2023

Update on Offer for Subscription

Following the announcement made on 5 September 2023 of an intention to
fundraise by Baronsmead Second Venture Trust plc (the "Company"), the Board of
the Company has discussed the size and structure of the proposed offer for
subscription, which the Company intends to launch in conjunction with
Baronsmead Venture Trust plc ("BVT") (the "Offer"), with the Company's
investment manager and the Board of BVT. Having considered the deployment of
funds over the past year and the current pipeline of investment opportunities,
the Company and BVT are seeking to raise £15 million each with the discretion
to utilise an over-allotment facility of up to a further £10 million each.

The prospectus, which will contain the full details and terms and conditions
of the Offer, will be available from www.baronsmeadvcts.co.uk as soon as the
Offer is launched, which is expected to be towards the beginning of December
2023. Further details with respect to the Offer will be announced in due
course.

For further information please contact:

Baronsmead VCT Investor Relations

Telephone - 020 7382 0999

baronsmeadvcts@greshamhouse.com

Notes

This announcement does not constitute or form part of any offer to issue or
sell, or any solicitation of any offer to subscribe for or purchase, any
investment in any jurisdiction, nor shall it (or the fact of its distribution)
form the basis of, or be relied on in connection with, any contract therefore.

 

 

 

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