Baronsmead Venture Trust PLC Net Asset Value(s) (6240H)
March 25 2020 - 11:50AM
UK Regulatory
TIDMBVT
RNS Number : 6240H
Baronsmead Venture Trust PLC
25 March 2020
The Board of Baronsmead Venture Trust plc (the "Company")
announces that the unaudited net asset value of the Ordinary Shares
at 23 March 2020 was 61.99p per share. For the purposes of
calculating the net asset value per share, quoted investments are
carried at bid price as at 23 March 2020. Unquoted investments are
carried at fair value as at 23 March 2020 as determined by the
directors following a detailed review of the portfolio by Gresham
House Asset Management Ltd (the "Investment Manager").
The Company announced on 27 February 2020 that a final allotment
in relation to the current offer for subscription will take place
on 31 March 2020. The NAV as at 23 March 2020 will be used to
calculate the allotment price in relation to the final allotment.
The allotment price will be calculated on the basis of the pricing
formula set out in the prospectus published by the Company on 3
October 2019.
The Investment Manager has provided an update on the COVID-19
crisis and the impact and implications for the VCT portfolio. It
can be found on the Company website www.baronsmeadvcts.co.uk .
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU No. 596/2014). Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
For further information contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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