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

British Smaller Companies VCTAnnouncement

14/02/2023 16:45

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RNS Number : 9155P  British Smaller Companies VCT2 Plc  14 February 2023

14 February 2023

 

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

 

Utilisation of over-allotment facility

 

 

On 30 November 2022 the Companies launched offers for subscription (the
"Offers") seeking to initially raise £50 million in aggregate for the 2022/23
tax year.

 

Following the successful launch, with applications received to date exceeding
£45 million and considering the continuing level of demand, the Companies
have today confirmed that the over-allotment facility of £25 million included
in the Offers will be used in relation to the Offers.  This increases the
maximum amount which can be raised under the Offers to £75 million in
aggregate.

 

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 the deadline for receipt of
Application Forms and cleared funds is 31 March 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 also 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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