Baronsmead Venture Trust PLC Publication of a Prospectus - Replacement (7366S)
October 04 2017 - 11:03AM
UK Regulatory
TIDMBVT
RNS Number : 7366S
Baronsmead Venture Trust PLC
04 October 2017
GENERAL TEXT AMENDMENT
The following amendment has been made to the 'Publication of a
Prospectus' announcement released on 4 October 2017 at 16:30 under
RNS No 7321S.
The link to the website where the prospectus is also available
in electronic form has been corrected.
All other details remain unchanged.
The full amended text is shown below.
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 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.
This announcement does not constitute an offer to sell, or the
solicitation of an offer to subscribe for, or to buy shares in any
jurisdiction.
Baronsmead Venture Trust plc
4 October 2017
Publication of a Prospectus and Offer for Subscription
Baronsmead Venture Trust plc (the "Company") and Baronsmead
Second Venture Trust plc ("BSVT") have today published a prospectus
in relation to offers for subscription to raise up to GBP45 million
in aggregate (before costs) together with over allotment facilities
to raise up to a further GBP15 million in aggregate (before costs)
(the "Offers").
The Offers are now open and are expected to close no later than
15 November 2017 (unless fully subscribed by an earlier date).
Subscriptions will be processed on a "first come, first served"
basis. The Offers will be open exclusively to satisfy subscriptions
from existing shareholders in the Company and /or BSVT until the
close of business on 16 October 2017.
As it is anticipated that there will be strong demand for New
Shares under the Offers existing shareholders and new investors who
wish to participate in the Offers are advised to return their
completed subscription forms as soon as possible.
Livingbridge VC LLP ("Livingbridge"), which is a related party
of the Company will, in respect of services provided pursuant to
the Offer, receive a fee of 3.0 per cent. of the gross proceeds of
the Offer. Out of this fee, Livingbridge will pay all costs
associated with the Offer, on behalf of the the Company.
Livingbridge will be responsible for any costs associated with the
Offer in excess of this fee. This transaction is classified as a
smaller related party transaction under Listing Rule 11.1.10R.
The prospectus will shortly be available for inspection at the
National Storage Mechanism which is located at
http://www.morningstar.co.uk/uk/nsm.do.
The prospectus is also available in electronic form on the
website of the Companies at http://www.baronsmeadvcts.co.uk and
copies are available for collection during normal business hours on
any working day (Saturday, Sunday and public holidays excepted)
until 15 November 2017 from the registered office of the Company,
100 Wood Street, London EC2V 7AN.
For further information please contact:
Michael Probin
VCT Investor Relations Director
Telephone: 020 7506 5796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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