11th Jan 2016 13:36
LONDON (Alliance News) - Baronsmead VCT PLC and Baronsmead VCT 2 PLC on Monday said they have agreed a deal to merge, having entered talks late last year.
The merger will create a larger merged company with net assets of GBP170.0 million.
Subject to completion, the enlarged company will carry out an offer for subscription to raise up to GBP10.0 million before costs.
Shares in Baronsmead VCT were down 1.0% at 73.27 pence on Monday, while shares in Baronsmead VCT 2 were untraded at 96.68p.
By Samuel Agini; [email protected]; @samuelagini
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