Baronsmead Second Venture Trust PLC Offer update -- Extension of Earlybird Rebate (4300B)
October 07 2020 - 11:10AM
UK Regulatory
TIDMBMD
RNS Number : 4300B
Baronsmead Second Venture Trust PLC
07 October 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE
UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN
OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH
AFRICA.
Baronsmead Second Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
7 October 2020
Offer update - Extension of Earlybird Rebate
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 17 September 2020 that the Company, together with
Baronsmead Venture Trust plc, had published a prospectus in
relation to offers for subscription to raise up to GBP40 million in
aggregate with an over-allotment facility to raise up to a further
GBP35 million in aggregate (the "Offers").
Under the Offers the Company's investment manager, Gresham House
Asset Management Limited offered investors that subscribed on or
before 30 October 2020 an earlybird rebate on the following
basis:
-- existing shareholders will receive a rebate of 0.75 per cent.
of their subscription; and
-- new investors will receive a rebate of 0.5 per cent. of their
subscription.
The rebate will be paid to investors in the form of additional
new shares issued at the relevant Offer price.
The rebate was initially limited to subscriptions which
represented the first GBP7.5 million received by each of the
companies under the Offers. Due to the demand that there has been
for shares under the Offers the Investment Manager has agreed to
extend the earlybird rebate to the first GBP12.5 million received
by each of the companies under the Offers prior to 30 October
2020.
All subscriptions will be processed on a "first come, first
served" basis. Investors can subscribe for new shares online by
logging on to https://www.baronsmeadvctoffer.co.uk and completing
an electronic subscription form or by completing a paper
subscription form which can be found at the back of the prospectus
or downloaded from the Baronsmead website at
http://www.baronsmeadvcts.co.uk.
For IFA enquiries please contact RAM Capital Partners LLP on 020
3006 7530 or email taxsolutions@ramcapital.co.uk for document
requests.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 baronsmeadvcts@greshamhouse.com
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END
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