Offer for Subscription - Update

RNS Number : 9333P

Baronsmead Venture Trust PLC

22 February 2021

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

Baronsmead Venture Trust plc

22 February 2021

Offer for Subscription - Update

On 17 September 2020 Baronsmead Venture Trust plc (the "Company") launched, in conjunction with Baronsmead Second Venture Trust plc, an offer for subscription (the "Offer") to each raise up to £20 million together with an over allotment facility to each raise up to a further £17.5 million (the "Over Allotment Facility"). On 15 February 2021 the Board announced that a further £2.5 million of new shares had been released under the Over Allotment Facility.

The Board has been advised that, on the basis of Subscription Forms and Electronic Subscription Forms received during the course of 22 February 2021, the Offer is now fully subscribed. Accordingly, the Offer is now closed and no further subscriptions for new shares will be accepted. In accordance with the terms of the Offer investors whose Subscription Forms and/or Electronic Subscription Forms are received after the Offer became fully subscribed will have their subscription monies returned.

The next allotment of new shares under the Offer is expected to be on or around 26 February 2021. Dealings in the new ordinary shares issued pursuant to the Offer will become effective on 3 March 2021.

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862 [e-mail]

 

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