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RNS Number : 8553R
Baronsmead Second Venture Trust PLC
10 November 2021
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
LEI: 2138008D3WUMF6TW8C28
10 November 2021
Offer update - Extension of Earlybird Rebate
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 4 November 2021 that the Company, together with
Baronsmead Venture Trust plc, had published a prospectus in
relation to offers for subscription to raise up to GBP50 million in
aggregate with an over-allotment facility to raise up to a further
GBP25 million in aggregate (the "Offers").
Under the Offers the Company's investment manager, Gresham House
Asset Management Limited, offered investors an 'early bird' rebate.
This rebate was offered to investors that subscribed on or before
25 November 2021 (for subscriptions via bank transfer) or 22
November 2021 (for subscriptions via cheque) subject to a maximum
aggregate subscription amount under the 'early bird' rebate of
GBP7.5 million per company, on the following basis :
-- existing shareholders receive a rebate of 0.75 per cent. of their subscription amount; and
-- new investors receive a rebate of 0.5 per cent. of their subscription amount.
The rebate is paid to investors in the form of additional new
shares issued at the relevant offer price.
As noted above, the rebate was initially limited to
subscriptions which represented the first GBP7.5 million received
by each of the companies under the Offers. However, due to the
demand for shares under the Offers, the investment manager has
agreed to extend the 'early bird' rebate to the first GBP12.5
million received by each of the companies under the Offers prior to
the above dates.
All subscriptions will be processed on a "first come, first
served" basis. Investors can subscribe for new shares online by
logging on to www.baronsmeadvcts.co.uk/vctoffer 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
www.baronsmeadvcts.co.uk/vctoffer.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 7382 0999 baronsmeadvcts@greshamhouse.com
Notes
This is a financial promotion and is not intended to be
investment advice. The content of this announcement (the
"Announcement"), which has been prepared by and is the sole
responsibility of the Company, has been approved by Gresham House
Asset Management Limited solely for the purposes of section
21(2)(b) of the Financial Services and Markets Act 2000 (as
amended).
This Announcement is an advertisement for the purposes of the
Prospectus Regulation Rules of the UK Financial Conduct Authority
("FCA") and is not a prospectus. This Announcement does not
constitute or form part of, and should not be construed as, an
offer for sale or subscription of, or solicitation of any offer to
subscribe for or to acquire, any ordinary shares in Baronsmead
Venture Trust plc or Baronsmead Second Venture Trust plc (together
the "Companies") in any jurisdiction, including 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 Companies' securities may be lawfully
marketed). Investors should not subscribe for or purchase any
ordinary shares referred to in this Announcement except on the
basis of information in the prospectus (the "Prospectus") in its
final form, published today by Baronsmead Venture Trust plc and
Baronsmead Second Venture Trust plc in connection with the proposed
admission of new ordinary shares to the premium segment of the
Official List of the FCA and to trading on London Stock Exchange
plc's main market for listed securities. A copy of the Prospectus
is available for inspection, subject to certain access
restrictions, from the Company's registered office, for viewing at
the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website (http://www.baronsmeadvcts.co.uk). Approval of
the Prospectus by the FCA should not be understood as an
endorsement of the securities that are the subject of the
Prospectus. Potential investors are recommended to read the
Prospectus before making an investment decision in order to fully
understand the potential risks and rewards associated with a
decision to invest in the Companies' securities.
The distribution of this Announcement may be restricted by law
in certain jurisdictions and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. This
Announcement does not constitute, and may not be construed as, an
offer to sell, or the solicitation of an offer to acquire or
subscribe for, securities of the Companies in any jurisdiction
where such offer or solicitation is unlawful or would impose any
unfulfilled registration, qualification, publication or approval
requirements on the Companies or Dickson Minto W.S. The offer and
sale of securities of the Companies has not been and will not be
registered under the applicable securities laws of Australia,
Canada, Japan, the Republic of South Africa or the United States.
Subject to certain exemptions, the securities of the Companies may
not be offered to or sold within Australia, Canada, Japan, the
Republic of South Africa, the United States or any member state of
the EEA or to any national, resident or citizen of Australia,
Canada, Japan, the Republic of South Africa, the United States, or
any member state of the EEA.
This Announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This Announcement is not an offer of securities for sale into the
United States. The securities of the Companies have not been and
will not be registered under the US Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to
any national, resident or citizen of the United States. No public
offering of securities is being made in the United States. In
addition, neither of the Companies have been and neither will be
registered under the US Investment Company Act of 1940, as
amended.
The information in this Announcement is for background purposes
only and does not purport to be full or complete. No reliance may
be placed for any purpose on the information contained in this
Announcement or its accuracy or completeness. This Announcement
does not constitute or form part of any offer or invitation to sell
or issue, or any solicitation of any offer to purchase or subscribe
for any securities of the Companies or any other securities nor
shall it (or any part of it) or the fact of its distribution, form
the basis of, or be relied on in connection with, any contract
therefor. The material contained in this Announcement is given as
at the date of its publication (unless otherwise marked) and is
subject to updating, revision and amendment. In particular, any
proposals referred to herein are subject to revision and
amendment.
This Announcement does not constitute a recommendation
concerning the Companies or the Offers. The price and value of
securities and any income from them can go down as well as up. Past
performance is not a guide to future performance and prospective
investors may not receive any return from the Companies. Before
purchasing any securities of the Companies, persons viewing this
Announcement should ensure that they fully understand and accept
the risks set out in the Prospectus. Information in this
Announcement or any of the documents relating to the Companies or
the Offers cannot be relied upon as a guide to future performance.
Potential investors should consult a professional adviser as to the
suitability of the Offers for them.
Dickson Minto W.S, which is authorised and regulated by the
Financial Conduct Authority, is acting only for the Companies in
connection with the matters described in this Announcement and is
not acting for or advising any other person, or treating any other
person as its client, in relation thereto and will not be
responsible for providing the regulatory protection afforded to
clients of Dickson Minto W.S. or advice to any other person in
relation to the matters contained herein.
Neither Dickson Minto W.S. the Company, or any of their
respective parents or subsidiary undertakings, or the subsidiary
undertakings of any such parent undertakings, or any of such
person's respective directors, officers, employees, agents,
affiliates or advisers or any other person ("their respective
affiliates") accepts (save where required by law) any
responsibility or liability whatsoever for/or makes any
representation or warranty, express or implied, as to this
Announcement, including the truth, accuracy or completeness of the
information in this Announcement (or whether any information has
been omitted from the Announcement) or any other information
relating to the Companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of this Announcement or its
contents or otherwise arising in connection therewith.
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END
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November 10, 2021 03:00 ET (08:00 GMT)
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