Baronsmead VCT PLC Offer for Subscription- Update (0716M)
January 15 2016 - 8:44AM
UK Regulatory
TIDMBDV
RNS Number : 0716M
Baronsmead VCT PLC
15 January 2016
15 January 2016
Baronsmead VCT plc
Baronsmead VCT 2 plc
OFFER FOR SUBSCRIPTION - UPDATE
On 11 January 2016 Baronsmead VCT 2 plc (the "Company") launched
an offer for subscription to raise up to GBP10 million (the
"Offer"). The Offer was open exclusively to satisfy subscriptions
from existing shareholders in the Company and Baronsmead VCT plc
(the "Existing Shareholders").
The directors of the Company have been advised that, on the
basis of subscription forms received prior to 1.00 p.m. on 15
January 2016, the Offer has been fully subscribed by Existing
Shareholders. Existing Shareholders whose subscription forms are
received after this date will have their subscription returned in
accordance with the terms and conditions of the Offer.
The first allotment of new ordinary shares in the Company under
the Offer is expected to be on or around 8 February 2016. Dealings
in the new ordinary shares issued pursuant to the Offer will become
effective on 11 February 2016.
For further information, please contact:
Michael Probin - VCT Investor Relations Director Livingbridge VC
LLP
Telephone: 020 7506 5796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 15, 2016 09:44 ET (14:44 GMT)
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