Intention to Fundraise

RNS Number : 9459M

Baronsmead Venture Trust PLC

02 August 2017

 

Baronsmead Venture Trust plc

Announcement of Intention to Launch an Offer for Subscription

The Directors of Baronsmead Venture Trust plc ("the Company") are pleased to announce that the Company intends to launch an offer for subscription ("the Offer").  The current intention is to raise up to £20 million (before issue costs).

The funds raised by the Company pursuant to its Offer will be added to the liquid resources available for investment to put the Company into a position to take advantage of attractive investment opportunities over the next two to three years.

Full details of the Offer will be contained in a prospectus that is expected to be published in October 2017. 

For further information, please contact:

Michael Probin - VCT Investor Relations Director

Telephone: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations ((EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

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