22nd Jan 2019 17:34
LONDON (Alliance News) - Baronsmead Second Venture Trust PLC on Tuesday said its up to GBP13 million subscription offer is now fully subscribed.
The number of new shares allotted will depend on the latest net asset value of the company divided by 0.97 and then rounded to the nearest 0.1 pence.
The first allotment of new ordinary shares is expected to occur on or near February 7 and dealings in such shares will be made effective February 8.
The fundraise forms part of a larger effort between Baronsmead Second and Baronsmead Venture Trust PLC which seeks to secure GBP25 million. Both trusts will use the money in short to medium term investments.
Shares in Baronsmead Second closed untraded on Tuesday at 79.50p.
Related Shares:
Baronsmead 2vt