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

British Smaller Companies VCTAnnouncement

30/11/2022 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221130:nRSd1018Ia&default-theme=true

RNS Number : 1018I  British Smaller Companies VCT PLC  30 November 2022

30 November 2022

 

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 2022/23 tax year to raise, in aggregate, up to £50
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 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 Offers open on 30 November 2022 and will close on 4 April 2023, or earlier
if the Offers become fully subscribed.

 

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. This constitutes a related party transaction under Listing Rule
11.1.10R.

 

The Prospectus is available from the Company's 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)

 

A hard copy of the application form and related notes will be posted to
shareholders of the Companies. Applicants will be able to apply online at
www.bscfunds.com (http://www.bscfunds.com) .

 

 

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

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  PDIDZMFMMGZGZZM