Close of Offers to New Applications

RNS Number : 2989I

British Smaller Companies VCT PLC

24 March 2015

 

British Smaller Companies VCT plc

Close of Offers to New Applications

British Smaller Companies VCT plc (the "Company") and British Smaller Companies VCT2 plc are seeking to raise £40 million in aggregate by way of offers for subscription ("Offers").  Full details of the Offers are contained in a prospectus issued by the Company and British Smaller Companies VCT2 plc on 20 October 2014 (the "Prospectus").

As a result of the strong level of demand the Company and British Smaller Companies VCT2 plc have now received applications to the maximum level permitted and, as a consequence, the Offers are now closed to new applications. The final allotment for the 2014/15 tax year will take place on 30 March 2015, with the allotment for the 2015/16 tax year to follow as soon as practicable after 5 April 2015.

A copy of the Prospectus was submitted to the National Storage Mechanism and is available to the public for viewing online at the following web-site address: http://www.hemscott.com/nsm.do. It can also be viewed on the Company's website http://www.bscfunds.com.

24 March 2015

For further information, please contact:

David Hall                        YFM Private Equity Limited                      Tel: [phone]

Emily Watts                    Nplus1 Singer Advisory LLP                     Tel: [phone]

 

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