Offer Update

Summary by AI BETAClose X

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc have announced that application forms are now available for their new share offers launched on September 23, 2026. These offers aim to raise up to £40 million in aggregate, with an additional £20 million over-allotment facility, through the issuance of new ordinary shares. The deadline for applications and cleared funds is March 31, 2027, or earlier if the offers are fully subscribed. A prospectus detailing the offers and fund allocation is available on the companies' website and the National Storage Mechanism.

Disclaimer*

British Smaller Companies VCT2 Plc
30 September 2026
 

30 September 2026

 

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

 

Update on Offers

 

 

Further to the launch of new share offers on 23 September 2026, the Companies are pleased to announce that Application Forms are now available and are being processed.

 

The new share offers for the 2026/27 tax year are seeking to raise up to £40 million in aggregate, with an over-allotment facility of up to a further £20 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 deadline for the receipt of Applications and cleared funds is 31 March 2027, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Companies' website:

www.bscfunds.com

 

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

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

 

For further information, please contact:

 

Marcus Karia                          YFM Equity Partners                                            Tel: 0113 244 1000

Alex Collins                            Panmure Liberum                                                 Tel: 0207 886 2767

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Companies

British Smaller Companies VCT 2 (BSC)
British Smaller Companies VCT (BSV)
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