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

British Smaller Companies VCTAnnouncement

20/09/2023 12:30

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RNS Number : 0947N  British Smaller Companies VCT2 Plc  20 September 2023

20 September 2023

 

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 2023/24 tax year to raise, in aggregate, up to £65
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 20 September 2023. Application Forms will be available and
processed from 27 September 2023 and the deadline for the receipt of
Applications and cleared funds is 28 March 2024, 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 Companies' 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

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