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

Baronsmead Second Venture TrustAnnouncement

19/03/2024 17:45

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RNS Number : 4912H  Baronsmead Venture Trust PLC  19 March 2024

 

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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 Venture Trust plc

LEI: 213800VQ1PQHOJXDDQ88

 

19 March 2024

Close of Offer to New Applications

The Board of Baronsmead Venture Trust plc (the "Company") announced on 24
November 2023 that the Company, together with Baronsmead Second 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 2 February 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 available under the Over-allotment Facility.

The Board has been advised that, on the basis of valid Applications received,
the Offer is now fully subscribed. Accordingly, the Offer is now closed to new
subscriptions and no further Applications for New Shares will be accepted.

As announced previously, the third Allotment under the Offer is expected to
take place on or around 28 March 2024.

For the avoidance of doubt, the Offer in respect of Baronsmead Second Venture
Trust plc remains open.

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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