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| TIDM | BSV |
| Share Price | 72.50p-2.07% |
| Market Cap | £232.77m |
On 24 October 2024, British Smaller Companies VCT PLC and British Smaller Companies VCT2 PLC announced that application forms are now being processed for new share offers, which launched on 17 October 2024, and for which a prospectus has been issued. These 2024/25 tax year offers aim to raise up to an aggregate of £50 million, with an over-allotment facility of up to a further £25 million, and have a deadline for applications and cleared funds of 28 March 2025.
| Date | 24 Oct 2024 |
| Time | 09:00:00 |
| Category | Miscellaneous |
| ID | 3519J |
24 October 2024
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 17 October 2024, the Companies are pleased to announce that Application Forms are now available and are being processed.
The new share offers in the 2024/25 tax year are seeking to raise, in aggregate, up to £50 million, with an over-allotment facility of up to a further £25 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 28 March 2025, or earlier if the Offers become fully subscribed.
The Prospectus is available from the Companies' website:
and is 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 Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Liberum Tel: 0207 886 2767