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

British Smaller Companies VCTAnnouncement

06/12/2022 10:00

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RNS Number : 7515I  British Smaller Companies VCT2 Plc  06 December 2022

6 December 2022

 

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 £15 million
have been received in relation to the new share offers 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"), which were launched on 30
November 2022.

 

Applicants subscribing for the first £15 million of Application Amounts under
the Offers will receive additional New Shares equivalent to 0.25 per cent of
the amount they subscribe, which will be paid for by YFM Private Equity
Limited, the Companies' investment manager.

 

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 opened on 30 November 2022 and will close on 4 April 2023, 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:

 

David Hall                             YFM Private
Equity Limited                          Tel: 0113 244
1000

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

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