Baronsmead Second Venture Trust PLC Change of allotment date (7052Y)
04 Janvier 2024 - 4:46PM
UK Regulatory
TIDMBMD
RNS Number : 7052Y
Baronsmead Second Venture Trust PLC
04 January 2024
Baronsmead SECOND Venture Trust plc
( the "Company")
4 January 2024
CHANGE OF ALLOTMENT DATE
On 25 November 2023 Baronsmead Venture Trust plc and Baronsmead
Second Venture Trust plc published a prospectus (the "Prospectus")
in relation to offers for subscription to raise up to GBP30 million
in aggregate with the discretion to utilise over-allotment
facilities to raise up to a further GBP20 million in aggregate (the
"Offers" and each an "Offer").
The Board wish to advise that it has decided to delay the
proposed date of the first allotment of shares on 11 January 2024,
as set out in the Prospectus. The reason for the delay is to ensure
that the allotment price is based upon the most recent valuation of
the portfolio available. The Board and the Investment Manager are
working to determine a more up to date NAV and an announcement will
be released to the London Stock Exchange in due course.
The anticipated revised date of the first allotment will be
Friday, 26 January 2024.
In order to be allotted shares in the revised first allotment,
applications via cheque will need to be received by 19 January 2024
and applications via bank transfer by 23 January 2024. As a result
of the revised allotment date, the early bird offer as set out on
page 45 of the Prospectus, will now also be extended to 23 January
2024, subject to cleared funds being received by the Receiving
Agent and up to a maximum of GBP7.5 million for each VCT.
The next scheduled allotment date is 15 February 2024 with the
third allotment date being on 28 March 2024. As stated in the
Prospectus, the fourth allotment will only take place if the Offer
is not fully subscribed by 3 April 2024.
For further information please contact:
Baronsmead VCT Investor Relations
Telephone: +44 (0)20 7382 0999
baronsmeadvcts@greshamhouse.com
LEI: 2138008D3WUMF6TW8C28
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END
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January 04, 2024 10:46 ET (15:46 GMT)
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