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| TIDM | BMD |
| Share Price | 44.00p-2.25% |
| Market Cap | £218.38m |
Baronsmead Second Venture Trust plc and Baronsmead Venture Trust plc published a prospectus on November 24, 2023, for offers to raise up to £30 million, with discretion for a further £20 million via Over-allotment Facilities. On March 14, 2024, the Board announced its intention to use the Over-allotment Facility to raise up to an additional £10 million. As of April 2, 2024, the Offer is closed to further subscriptions for new shares for both companies, and the third and final allotment is expected on or around April 3, 2023.
| Date | 2 Apr 2024 |
| Time | 07:00:11 |
| Category | Corporate updates |
| ID | 8920I |
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Baronsmead SECOND Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
2 April 2024
Close of Offer to New Applications
The Board of Baronsmead Second Venture Trust plc (the "Company") announced on 24 November 2023 that the Company, together with Baronsmead Venture Trust plc, had published a prospectus (the "Prospectus") in relation to offers for subscription to raise up to £30 million in aggregate with the discretion to utilise Over-allotment Facilities to raise up to a further £20 million in aggregate (the "Offers" and each an "Offer"). Full details of the Offer are contained in the Prospectus as supplemented by the supplementary prospectus dated 19 January 2024.
On 14 March 2024, the Board announced that it intended to utilise the Over-allotment Facility and that Applications were being accepted to raise up to an additional £10 million under the Offer using the Over-allotment Facility.
The Board has been advised that, on the basis of valid Applications received, the Offer is now closed to further subscriptions, and no further Applications for New Shares will be accepted.
Therefore, as announced previously, the third Allotment under the Offer is expected to take place on or around 3 April 2023, which will be the final Allotment under the Offer.
For the avoidance of doubt, the Offer in respect of Baronsmead Venture Trust plc is also closed to Applications for New Shares.
Terms used in this announcement have the same meaning as defined in the Prospectus.
For further information please contact:
Baronsmead VCT Investor Relations
020 7382 0999