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Offer Update

20th Nov 2025 09:00

RNS Number : 3383I
British Smaller Companies VCT PLC
20 November 2025
 

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

 

Utilisation of over-allotment facility

 

 

On 25 September 2025 the Companies launched offers for subscription (the "Offers") seeking to initially raise £60 million in aggregate for the 2025/26 tax year. 

 

With applications received to date approaching £55 million, and considering the continuing level of demand, the Companies have today confirmed that the over-allotment facility of £25 million will be used in full. This increases the maximum amount which can be raised under the Offers to £85 million in aggregate.

 

The Companies have issued a prospectus relating to the Offers (the "Prospectus"). The proceeds will be allocated between the Companies in accordance with the terms set out in the Prospectus.

 

The deadline for receipt of Application Forms and cleared funds is 27 March 2026, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Company's website:

www.bscfunds.com

 

and is also available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

For further information, please contact:

 

Marcus Karia YFM Equity Partners Tel: 0113 244 1000

Alex Collins Panmure Liberum Tel: 0207 886 2767

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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