IN BRIEF: British Smaller Cos VCT and VCT2 note new share applications
1st Nov 2024 17:51
British Smaller Cos VCT PLC and VCT2 PLC - venture capital trusts investing in UK companies across broad range of sectors - Says that applications exceeding GBP25 million have been received in relation to the new share offers in the 2024/25 tax year. The offers are seeking to raise up to GBP50 million, with an over-allotment facility of up to a further GBP25 million. Applicants subscribing for the first GBP25 million of application amounts will receive additional new shares equivalent to 0.1% of the amount they subscribe, which will be paid by YFM Private Equity Ltd, the manager of the companies. Read More