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Baronsmead Venture Trust plc's Board announced on 13 June 2025 that its BVT Offer is now closed to further subscriptions, with no further applications for shares under the offer being accepted. The fourth and final allotment under the BVT Offer is expected to take place on or around 3 July 2025. This offer was part of a prospectus published on 10 January 2025 to raise up to £30 million in aggregate, with discretion for a further £20 million via over-allotment facilities.
| Date | 13 Jun 2025 |
| Time | 16:08:37 |
| Category | Miscellaneous |
| ID | 8529M |
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Baronsmead Venture Trust plc
(the "Company")
LEI: 213800VQ1PQHOJXDDQ88
13 June 2025
Close of Offer to New Applications
The board of the Company (the "Board") announces that, on the basis of valid applications received, the BVT Offer is now closed to further subscriptions, and no further applications for shares under the BVT Offer will be accepted.
Therefore, as announced previously, the fourth allotment under the BVT Offer is expected to take place on or around 3 July 2025, which will be the final allotment under the BVT Offer.
The Board announced on 10 January 2025 that the Company, together with Baronsmead Second 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 the "BVT Offer" or "BSVT Offer"). Full details of the Offers are contained in the Prospectus.
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