Statement re Proposed Joint Fundraising

RNS Number : 5685N

British Smaller Companies VCT PLC

01 October 2012

 

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

Statement re: proposed joint fundraising

The Companies today announce that they are planning to raise up to £15 million in aggregate in order to increase their investment capacity taking advantage of the increased investment limits that now apply to venture capital trusts. It is intended British Smaller Companies VCT plc will raise up to £10 million and British Smaller Companies VCT2 plc will raise up to £5 million.

The full terms of the offer will be set out in a detailed prospectus to be approved by the UK Listing authority. The offer will be subject to the approval of the shareholders of British Smaller Companies VCT plc and British Smaller Companies VCT2 plc who will receive a circular explaining the details of the offer in due course.

For further information please contact:

David Hall                    YFM Private Equity Limited                 Tel:  [phone]

Matthew Thomas        Singer Capital Markets Limited           Tel:  [phone]

 

END

 

 

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