British Smaller Companies VCT2 Plc Proposed Fundraising (3655I)
December 11 2020 - 3:30AM
UK Regulatory
TIDMBSC TIDMBSV
RNS Number : 3655I
British Smaller Companies VCT2 Plc
11 December 2020
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together "the Companies")
Statement regarding proposed top-up fundraisings
The Companies today announce that they are each planning to
launch a top-up offer ("the Offers") of new ordinary shares for
subscription in the 2020/21 tax year. It is envisaged that the
Offers will each be limited to a maximum of EUR8 million (estimated
to be GBP7.2 million at current exchange rates).
It is expected that full details of the Offers will be announced
in January 2021 after which it is intended that each of the Offers
will be open to existing shareholders for approximately four weeks
and, unless the Offers have been fully subscribed by the end of
that period, the Offers will then also be available to new
investors. Unless fully subscribed by an earlier date it is
anticipated that the Offers will remain open until 2 April 2021.
Full details will be available on the Companies' website (
www.bscfunds.com ) following the announcement in January 2021.
Existing shareholders are those on the respective registers of
the Companies on 10 December 2020.
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767
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