Over Allotment Facility

RNS Number : 9493G

British Smaller Companies VCT2 Plc

09 March 2015

 



British Smaller Companies VCT2 plc

Issue of Equity

British Smaller Companies VCT2 plc (the "Company") and British Smaller Companies VCT plc are seeking to raise £30 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 VCT plc on 20 October 2014 (the "Prospectus").

Following the successful launch, the level of funds raised to 6 March 2015 under the Offers total more than £28 million and as a result of the continuing level of demand the directors have today confirmed that the over allotment facility of £10 million included in the Offers will be used in relation to the Offers.  This increases the maximum amount which can be raised under the Offers to £40 million in aggregate.

The Offers remain open and will close no later than 11:00 am on 4 April 2014 in respect of the 2014/2015 Offer and not later than 11:00 am on 30 April 2015 in respect of the 2015/2016 Offer, unless the Offers are fully subscribed at an earlier date.

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.

9 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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