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Close of Offer to New Applications

28th May 2025 10:20

RNS Number : 4138K
Baronsmead Second Venture Trust PLC
28 May 2025
 

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY MEMBER STATE OF THE EEA (OTHER THAN ANY MEMBER STATE OF THE EEA WHERE THE COMPANY'S SECURITIES MAY BE LEGALLY MARKETED), OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION

 

Baronsmead SECOND Venture Trust plc

(the "Company")

 

LEI: 2138008D3WUMF6TW8C28

 

28 May 2025

 

Close of Offer to New Applications

The board of the Company (the "Board") announces that, on the basis of valid applications received, the BSVT Offer is now closed to further subscriptions, and no further applications for shares under the BSVT Offer will be accepted.

Therefore, as announced previously, the fourth allotment under the BSVT Offer is expected to take place on or around 3 July 2025, which will be the final allotment under the BSVT Offer.

The Board announced on 10 January 2025 that the Company, together with Baronsmead Venture Trust plc, had published a prospectus (the "Prospectus") in relation to offers for subscription to raise up to £30 million in aggregate with the discretion to utilise over-allotment facilities to raise up to a further £20 million in aggregate (the "Offers" and each the "BVT Offer" or "BSVT Offer"). Full details of the Offers are contained in the Prospectus.

On 25 April 2025, the Board announced that it intended to extend the BSVT Offer and have a fourth allotment on Thursday, 3 July 2025. This was in addition to the third allotment which took place on 1 May 2025, as set out in the Prospectus.

For the avoidance of doubt, the Offer in respect of Baronsmead Venture Trust plc remains open to applications for shares.

Terms used in this announcement have the same meaning as defined in the Prospectus.

For further information please contact:

 

Baronsmead VCT Investor Relations

020 7382 0999

[email protected]

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