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 27 February 2009, the Joint Offer has received applications in respect of subscriptions totalling £9,895,700.
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 2008 |
£2,307,500 |
£9,123,000 |
The proposed allotment dates are as follows:
Fourth allotment 13 March 2009
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