23rd Oct 2018 13:39
LONDON (Alliance News) - British Smaller Cos VCT PLC and British Smaller Cos VCT 2 PLC said Tuesday they plan to raise GBP30 million by way of a joint offer of shares for subscription.
The companies also plan to include an additional GBP5 million over allotment facility. The offer is expected to take place in the current tax year, in order to increase the firms investment capacity.
The companies will open the offer to existing shareholders only for four weeks, after which if it has not been fully subscribed it will be opened to new investors.
It is anticipated that the offer will remain open until April 5, unless fully subscribed at an earlier date.
British Smaller Cos VCT shares were untraded at 74 pence, while British Smaller Cos VCT 2 shares were also untraded at 53p.
Related Shares:
Br.small Co.2Br.smaller Cos.