IN BRIEF: British Smaller VCTs note share offer applications
10th Oct 2025 19:34
British Smaller Cos VCT PLC and British Smaller Cos VCT2 PLC - venture capital trusts with diversified portfolio of UK businesses - Applications above GBP25 million have been received for new share offers for the 2025/26 tax year. "Applicants subscribing for the first GBP25 million of application amounts under the offers will receive additional new shares equivalent to 0.125% of the amount they subscribe," the VCTs say. The offers are looking to raise GBP60 million, with an over allotment facility worth up to GBP25 million. Read More