Offer Update

RNS Number : 9413M

British Smaller Companies VCT2 Plc

24 September 2021

 

24 September 2021

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

Update on Offer

The Companies are pleased to announce that Applications exceeding £10 million have been received in relation to the new share offer in the 2021/22 tax year, launched on 22 September 2021, to raise, in aggregate, up to £40 million, with an over-allotment facility of up to a further £20 million, in aggregate, by way of prospectus offers of new ordinary shares for subscription (the "Offers").

Applicants subscribing for the first £10 million of Application Amounts under the Offers will receive additional New Shares equivalent to 0.5 per cent of the amount they subscribe and Applicants subscribing for the next £5 million of Application Amounts under the Offers will receive additional New Shares equivalent to 0.25 per cent of the amount they subscribe, which in each case will be paid for by the Manager.

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 opened on 22 September 2021 and will close on 1 April 2022, or earlier if the Offers become fully subscribed.

The Prospectus is available from the Company's website:

www.bscfunds.com  

and is available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

David Hall  YFM Private Equity Limited  Tel: [phone]

Alex Collins   Panmure Gordon (UK) Limited  Tel: [phone]

 

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