REG - Baronsmead Venture - Update on Offer for Subscription

Baronsmead Venture TrustAnnouncement

26/11/2024 14:00

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RNS Number : 7237N  Baronsmead Venture Trust PLC  26 November 2024

 

 

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 Venture Trust plc

LEI: 213800VQ1PQHOJXDDQ88

26 November 2024

 

Update on Offer for Subscription

Following the announcement made on 1 October 2024 of an intention to fundraise
by Baronsmead 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 Second Venture
Trust plc ("BSVT") (the "Offer"), with the Company's investment manager and
the Board of BSVT. Having considered the deployment of funds over the past
year and the current pipeline of investment opportunities, the Company and
BSVT 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
(http://www.baronsmeadvcts.co.uk) as soon as the Offer is launched, which is
expected to be at 9.00am on 13( ) January 2025. 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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