Publication of a Prospectus

British Smaller Companies VCT2 Plc
20 September 2023
 

20 September 2023

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

 

Publication of a Prospectus

 

 

The Companies are pleased to announce that they have today launched a new share offer in the 2023/24 tax year to raise, in aggregate, up to £65 million, with an over-allotment facility of up to a further £25 million, in aggregate, by way of prospectus offers of new ordinary shares for subscription (the "Offers").

 

The Companies have issued a prospectus relating to the Offers (the "Prospectus"). The proceeds will be allocated between the Companies in accordance with the terms set out in the Prospectus.

 

The Offers open on 20 September 2023. Application Forms will be available and processed from 27 September 2023 and the deadline for the receipt of Applications and cleared funds is 28 March 2024, or earlier if the Offers become fully subscribed.

 

Pursuant to the Offers, YFM Private Equity Limited, the Companies' Manager, will receive a fee of 3.0 per cent of the total amount remitted to the Companies under the Offers, including any adviser charges to be facilitated by the Companies ("Application Amounts") or 3.5 per cent of the Application Amounts for applications received from applicants who have not invested their money through a financial intermediary/adviser and have invested directly into the Companies. This constitutes a related party transaction under Listing Rule 11.1.10R.

 

The Prospectus is available from the Companies' website:

www.bscfunds.com

 

and will shortly be available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

A hard copy of the Application Form and related notes will be posted to shareholders of the Companies. Applicants will be able to apply online at www.bscfunds.com.

 

 

For further information, please contact:

 

David Hall                             YFM Private Equity Limited                          Tel: 0113 244 1000

Alex Collins                           Panmure Gordon (UK) Limited                    Tel: 0207 886 2767

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings