REG - British Smaller Co's British Smlr Comp 2 - Publication of a Prospectus

British Smaller Companies VCT2Announcement

25/09/2025 09:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250925:nRSY8070Aa&default-theme=true

RNS Number : 8070A  British Smaller Companies VCT PLC  25 September 2025

25 September 2025

 

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

 

Publication of a Prospectus

 

The Companies are pleased to announce that they have today launched a new
share offer in the 2025/26 tax year 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 "Offers").

 

The Offers open on 25 September 2025. Applications will be processed from 2
October 2025 and the deadline for the receipt of applications and cleared
funds is 27 March 2026, or earlier if the Offers become fully subscribed.

 

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.

 

Pursuant to the Offers, YFM Private Equity Limited, the Companies' Manager,
will receive a fee of 3.0 per cent of the total amount remitted to the
Companies under the Offers, including any adviser charges to be facilitated by
the Companies ("Application Amounts") or 3.5 per cent of the Application
Amounts for applications received from applicants who have not invested their
money through a financial intermediary/adviser and have invested directly into
the Companies. These arrangements constitute related party transactions
falling within UK Listing Rule 8.2.1R. The board of each Company believes that
these arrangements are fair and reasonable as far as the shareholders of
their respective Company are concerned and have been so advised by Howard
Kennedy Corporate Services LLP, as sponsor to each Company.

 

The Prospectus is available from the Companies' website:

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

 

and will shortly be 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)

 

Applicants will be able to apply online at www.bscfunds.com
(http://www.bscfunds.com) and copies of the application form and related notes
will be posted/emailed to shareholders of the Companies based on their
shareholder preferences.

For further information, please contact:

 

Marcus Karia           YFM Equity Partners
 
Tel:  0113 244 1000

Alex Collins              Panmure Liberum
 
Tel:  0207 886 2767

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PDIGZGZLRKFGKZG