Update on Offer for Subscription

RNS Number : 7055L

Baronsmead Venture Trust PLC

14 September 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

14 September 2021

Update on Offer for Subscription

Following the announcement made on 5 August 2021, the Board of Baronsmead Venture Trust plc (the "Company") has discussed the size and structure of the proposed offer for subscription which the Company intends to launch in conjunction with Baronsmead Second Venture Trust plc ("BSVT") (the "Offer") with the Company's investment manager and BSVT. Having considered the deployment of funds over the year and the current pipeline of investment opportunities, each of the Company and BSVT is seeking to raise £25 million with the discretion to utilise an over-allotment facility of up to a further £12.5 million each.

The prospectus, which will contain the full details and terms and conditions of the Offer, will be available from www.baronsmeadvcts.co.uk as soon as the Offer is launched, which is expected to be towards the beginning of November 2021. Further details with respect to the Company's Offer will be announced in due course.

For further information please contact:

Baronsmead VCT Investor Relations

Telephone - 020 7382 0999

[e-mail]

Notes

This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe for or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.

 

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