REG - British Smaller Co's British Smlr Comp 2 - Offer Update

British Smaller Companies VCT2Announcement

10/10/2025 15:45

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RNS Number : 9751C  British Smaller Companies VCT PLC  10 October 2025

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc
(together the "Companies")

 

Update on Offers

 

 

The Companies are pleased to announce that Applications exceeding £25 million
have been received in relation to the new share offers for the 2025/26 tax
year (the "Offers").

 

Applicants subscribing for the first £25 million of Application Amounts under
the Offers will receive additional New Shares equivalent to 0.125 per cent of
the amount they subscribe, which will be paid by YFM Private Equity Limited,
the Manager of the Companies.

 

The Offers are seeking to raise, in aggregate, up to £60 million, with an
over-allotment facility of up to a further £25 million, in aggregate, by way
of prospectus offers of new ordinary shares for subscription.  The Companies
have issued a prospectus relating to the Offers (the "Prospectus"). The
proceeds will be allocated between the Companies in accordance with the terms
set out in the Prospectus.

 

The deadline for the receipt of Applications and cleared funds is 27 March
2026, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Company's website:

www.bscfunds.com (http://www.bscfunds.com)

 

and is available for inspection at the National Storage Mechanism, which is
located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

For further information, please contact:

 

Marcus Karia                          YFM Equity
Partners
Tel: 0113 244 1000

Alex Collins                             Panmure
Liberum
Tel: 0207 886 2767

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