New combined offer for subscription

Summary by AI BETAClose X

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc are planning a new combined offer for subscription for the 2026/27 tax year, aiming to raise up to £40 million, with an additional £20 million available through over-allotment facilities. A prospectus detailing the offer is anticipated in mid to late September, with applications opening approximately one week later.

Disclaimer*

British Smaller Companies VCT PLC
28 July 2026
 

28 July 2026

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc

New combined offer for subscription

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies" and each a "Company") are pleased to announce that, subject to obtaining the requisite regulatory approval, the Companies intend to launch a new combined offer for subscription for the 2026/27 tax year (the "Offer").

 

The current intention is for the Companies to raise up to £40 million in aggregate, with over-allotment facilities of up to a further £20 million in aggregate, before issue costs.

 

Any election to make use of the over-allotment facilities will be subject to the decision of the board of each Company at the relevant time.

 

A prospectus with full details of the proposed Offer is expected to be published in mid to late September, with applications expected to open one week following publication.

 

Once published, the prospectus will be available from the Companies' website, www.bscfunds.com.

 

 

For further information, please contact:

 

Marcus Karia                       YFM Equity Partners                          Tel: 0113 244 1000

Alex Collins                          Panmure Liberum                               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