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.
The deadline for the receipt of applications and cleared funds is March 28, 2025.
Current VCT stock price: 76.00 pence
Current VCT2 stock price: 54.00p
By Holly Beveridge, Alliance News senior reporter
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