REG - British Smaller Co's British Smlr Comp 2 - Close of Offer to new Applications

British Smaller Companies VCTAnnouncement

08/01/2025 14:15

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RNS Number : 6258S  British Smaller Companies VCT PLC  08 January 2025

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

Close of Offers to New Applications

The Companies launched offers for subscription on 17 October 2024 seeking to
raise £75 million in aggregate for the 2024/25 tax year (the "Offers").

As a result of a strong level of demand, the Companies have now received
applications to the maximum level permitted and, as a consequence, the Offers
are now closed to new applications.

The allotment of the first £25 million of gross proceeds will take place
between 28 and 31 January 2025. The second and final allotment of £50 million
of gross proceeds will take place between 1 and 4 April 2025.  Funds awaiting
allotment will receive additional shares equivalent to a 3.35 per cent per
annum return (rate subject to change by the receiving agent's banking
provider).

The Companies have issued a prospectus relating to the Offers (the
"Prospectus"), which 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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