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

British Smaller Companies VCTAnnouncement

20/11/2024 13:00

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RNS Number : 0062N  British Smaller Companies VCT2 Plc  20 November 2024

 

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

 

Utilisation of over-allotment facility

 

 

On 17 October 2024 the Companies launched offers for subscription (the
"Offers") seeking to initially raise £50 million in aggregate for the 2024/25
tax year.

 

Following the successful launch, with applications received to date
approaching £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 full.  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 deadline for receipt of Application Forms and cleared funds is 28 March
2025, 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:

 

Marcus Karia                        YFM Private Equity
Limited                          Tel: 0113 244 1000

Alex Collins                           Panmure
Liberum
Tel: 0207 886 2767

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