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| TIDM | BSV |
| Share Price | 71.50p-2.10% |
| Market Cap | £229.56m |
British Smaller Companies VCT PLC and British Smaller Companies VCT2 PLC, who launched offers for subscription on 20 September 2023 to initially raise £65 million, confirmed on 13 December 2023 the full utilisation of a £25 million over-allotment facility. This action increases the maximum amount to be raised under the offers to £90 million in aggregate, with applications received approaching £60 million to date. The deadline for applications is 28 March 2024.
| Date | 13 Dec 2023 |
| Time | 16:00:01 |
| Category | Corporate updates |
| ID | 6892W |
13 December 2023
British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")
Utilisation of over-allotment facility
On 20 September 2023 the Companies launched offers for subscription (the "Offers") seeking to initially raise £65 million in aggregate for the 2023/24 tax year.
Following the successful launch, with applications received to date approaching £60 million and considering the continuing level of demand, the Companies have today confirmed that the over-allotment facility of £25 million included in the Offers will be used in full. This increases the maximum amount which can be raised under the Offers to £90 million in aggregate.
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 receipt of Application Forms and cleared funds is 28 March 2024, or earlier if the Offers become fully subscribed.
The Prospectus is available from the Company's website:
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:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767