Update on joint offer

RNS Number : 4859O

Baronsmead VCT 2 PLC

06 March 2009

 



Baronsmead VCT plc and Baronsmead VCT 2 plc - Joint Offer Update

Offer for subscription of New Ordinary Shares to raise up to approximately £22,500,000 in aggregate ('the Joint Offer')

As at 6 March 2009, the Joint Offer has received applications in respect of subscriptions totalling £10,136,700. 

Previous allotments under the Joint Offer have taken place as follows:

Allotment	Date	Amount raised	Cumulative funds raised
First	14 November 2008	£5,767,500
Second	12 December 2008	£1,048,000	£6,815,500
Third	13 February 2008	£2,307,500	£9,123,000

The proposed allotment dates are as follows: 

Fourth allotment        13 March 2009

Fifth allotment            30 March 2009

Final allotment             3 April 2009

Full details of the Joint Offer are contained in the summary, securities note, registration document and supplementary prospectus (together constituting a prospectus issued by the Companies) ('Prospectus'), which is available on the Companies' websites www.baronsmeadvct.co.uk  and www.baronsmeadvct2.co.uk . 

The Companies reserve the right to vary the allotment timetable and close the offer before the 3 April 2009 in accordance with the terms and conditions set out in the Prospectus.

 For further information please contact: 

Michael Probin  ISIS EP LLP       020 7506 5796 

Paul Forster      Secretary           020 7506 5652

 

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