Offer Update

RNS Number : 7515I
British Smaller Companies VCT2 Plc
06 December 2022
 

6 December 2022

 

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

 

Update on Offers

 

 

The Companies are pleased to announce that Applications exceeding £15 million have been received in relation to the new share offers in the 2022/23 tax year to raise, in aggregate, up to £50 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"), which were launched on 30 November 2022.

 

Applicants subscribing for the first £15 million of Application Amounts under the Offers will receive additional New Shares equivalent to 0.25 per cent of the amount they subscribe, which will be paid for by YFM Private Equity Limited, the Companies' investment manager.

 

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 opened on 30 November 2022 and will close on 4 April 2023, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Company's website:

 

www.bscfunds.com

 

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

 

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

 

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
 
 
UPDUNVKRUUUURRA
UK 100

Latest directors dealings