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

British Smaller Companies VCTAnnouncement

03/10/2022 13:30

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RNS Number : 5845B  British Smaller Companies VCT PLC  03 October 2022

 

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

 

Update on new combined offer for subscription (the "Offer")

Further to their announcement on 2 August 2022, the Companies are pleased to
announce that, subject to obtaining the requisite regulatory approval, the
Companies intend to launch a new combined Offer for subscription for tax year
2022-23.

The current intention is for the Companies, in aggregate, to raise up to £50
million, with over-allotment facilities of up to a further £25 million in
aggregate, before issue costs.

Any election to make use of their over-allotment facility will be subject to
the decision of the individual boards of the Companies at the relevant time.

A prospectus with full details of the proposed Offer will be published on or
around 30 November 2022 and will be available from the Companies' website,
www.bscfunds.com.

3 October 2022

For further information, please contact:

 

David Hall                             YFM Private
Equity Limited                          Tel: 0113 244
1000

Alex Collins                           Panmure Gordon
(UK) Limited                    Tel: 0207 886 2767

 

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