Joint Offer Update

RNS Number : 1633P

Baronsmead VCT 2 PLC

19 March 2009

 



Baronsmead VCT plc and Baronsmead VCT 2 plc - Joint Offer Update

Offer for subscription of New Ordinary Shares to raise up to approximately £22,500,000 in aggregate ('the Joint Offer')

As at 19 March 2009, the Joint Offer has received applications in respect of subscriptions totalling £11,286,700, representing over half of the total amount being raised through the Joint Offer. 

Previous allotments under the Joint Offer have taken place as follows:

Allotment	Date	Amount raised	Cumulative funds raised
First	14 November 2008	£5,767,500
Second	12 December 2008	£1,048,000	£6,815,500
Third	13 February 2009	£2,307,500	£9,123,000
Fourth	13 March 2009	£1,326,700	£10,449,700

The proposed dates for further allotments are as follows: 

Fifth allotment        30 March 2009

Final allotment          3 April 2009

Full details of the Joint Offer are contained in the summary, securities note, registration document and supplementary prospectus (together constituting a prospectus issued by the Companies) ('Prospectus'), which is available on the Companies' websites www.baronsmeadvct.co.uk and www.baronsmeadvct2.co.uk.

The Companies reserve the right to vary the allotment timetable and close the offer before the 3 April 2009 in accordance with the terms and conditions set out in the Prospectus.

 For further information please contact: 

Michael Probin  ISIS EP LLP       020 7506 5796 

Paul Forster      Secretary           020 7506 5652

 

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