Offer for Subscription

RNS Number : 3940I

British Smaller Companies VCT2 Plc

08 December 2015

 



British Smaller Companies VCT2 plc

Offer for Subscription

The Board of British Smaller Companies VCT2 plc ("the Company") is pleased to announce that the Company has today launched a new share offer (the "Offer") to raise up to £3,600,000. Full details of the Offer are contained in an offer document (the "Offer Document") issued by the Company, dated 8 December 2015.

The Offer will be open to existing shareholders until 31 January 2016 and, unless the Offer has been fully subscribed, the Offer will then also be made available to new investors from 1 February 2016.

The Offer Document is available from the Company's website, www.bscfunds.com, and will be posted to existing shareholders on 11 December 2015.

The Offer opens on 8 December 2015 and will close on 5 April 2016.   The Offer will close earlier if it is fully subscribed.

Pursuant to the Offer, YFM Private Equity Limited, the Company's Investment Adviser, will receive 3 per cent (of the gross proceeds of the Offer) in respect of subscriptions received either direct or through a financial adviser and 5 per cent (of the gross proceeds of the Offer) for subscriptions received through an execution only platform or broker. This constitutes a related party transaction under Listing Rule 11.1.10R.

The Offer Document will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.morningstar.co.uk/uk/NSM

8 December 2015

For further information please contact:

David Hall                YFM Private Equity Limited                          Tel: [phone]

Gillian Martin          Nplus1 Singer Advisory LLP                           Tel: [phone]

 

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