Baronsmead Joint Offer Update

RNS Number : 8774G

Baronsmead VCT 2 PLC

28 October 2008

 



28 October 2008

Baronsmead VCT/Baronsmead VCT2 Joint Offer for Subscription

 
As at 24 October 2008 the Baronsmead VCT plc and Baronsmead VCT 2 plc joint offer has received applications in respect of subscriptions of £2m from 167 private investors.  Over 75% of the money raised so far has been subscribed by existing Baronsmead shareholders

The first allotment of shares is due to take place on 14 November 2008 following the release of the annual reports for the year to 30 September 2008 and a further valuation of the portfolios as at 31 October 2008.

The first early investment incentive arrangement deadline is 12.00 noon on 14 November 2008. Those subscribing before this time will receive an additional allocation of 1% of the amount they subscribed as additional shares in Baronsmead VCT and Baronsmead VCT 2.

For further information please contact:

Michael Probin  ISIS EP LLP                      020 7506 5796

Paul Forster      Secretary                          020 7506 5652

 

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