Baronsmead Venture Trust PLC Offer Update - Change To Allotment Date (8625W)
December 13 2019 - 6:41AM
UK Regulatory
TIDMBVT
RNS Number : 8625W
Baronsmead Venture Trust PLC
13 December 2019
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.
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
13 December 2019
The Board of Baronsmead Venture Trust plc (the "Company")
announced on 4 October 2019 that it had published a prospectus in
conjunction with Baronsmead Second Venture Trust plc in relation to
an offer for subscription to each raise up to GBP20 million in
aggregate (before costs) with an over-allotment facility to each
raise up to a further GBP5 million in aggregate (the "Offer"). The
Company announced on 20 November 2019 that 13,992,088 New Shares
would be issued at an issue price of 76.80 pursuant to the first
allotment under the Offer.
Under the Offer the second allotment of new Shares is scheduled
to take place on 10 January 2020. However, following consultation
with the Company's investment manager, the Board have resolved that
the second allotment will be moved to 24 January 2020 to allow
investors more time to submit their subscriptions following the
Christmas period. In order for New Shares to be allotted to
investors under the second allotment Subscription Forms and
Electronic Subscription Forms must be received by 12 noon on 17
January 2020.
Investors who are issued New Shares under the second allotment
will be entitled to receive the final dividend, expected to be paid
on or around 6 March 2020.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 baronsmeadvcts@greshamhouse.com
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END
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