TIDMBVT

RNS Number : 7050Y

Baronsmead Venture Trust PLC

04 January 2024

Baronsmead Venture Trust plc

4 January 2024

CHANGE OF ALLOTMENT DATE

On 25 November 2023 Baronsmead Venture Trust plc (the "Company") published a prospectus (the "Prospectus") in relation to offers for subscription to raise up to GBP15 million in aggregate with the discretion to utilise over-allotment facilities to raise up to a further GBP10 million in aggregate (the "Offers" and each an "Offer"). Approximately GBP6 million as been subscribed to the Company's Offer to date.

In order to protect the interests of both existing shareholders and subscribers to the Company's offer, the Board has decided to change the date of the first allotment of shares which was due to be on 11 January 2024. As set out in the Prospectus, the allotment price will be based upon the most recently published net assest value ("NAV"). As the most recently published NAV was the unaudited NAV as at 30 November 2023, the Board and the Investment Manager are working to establish a more up to date NAV to reflect any material market movements that may have taken place since then. An announcement will be released to the London Stock Exchange prior to the revised date of the first allotment, which is anticipated to be Friday, 26 January 2024.

In order to be allotted shares in the revised first allotment, applications via cheque will need to be received by 19 January 2024 and applications via bank transfer by 23 January 2024. As a result of this change to the allotment date, the deadline for the early bird offer as set out on page 45 of the Prospectus, will now also be extended to 23 January 2024, subject to cleared funds being received by the Receiving Agent and to a maximum of GBP7.5 million.

The next scheduled allotment dates are 15 February 2024 and 28 March 2024. As stated in the Prospectus, the fourth allotment will only take place if the Offer is not fully subscribed by 3 April 2024. As set out in the Prospectus, the Board reserves the right to revise these dates, undertake additional allotments, close its Offer and / or extend its Offer.

For further information please contact:

Baronsmead VCT Investor Relations

Telephone: +44 (0)20 7382 0999

baronsmeadvcts@greshamhouse.com

LEI: 213800VQ1PQHOJXDDQ88

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCQKQBNPBKDODK

(END) Dow Jones Newswires

January 04, 2024 10:45 ET (15:45 GMT)

Baronsmead Venture (LSE:BVT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Baronsmead Venture Charts.
Baronsmead Venture (LSE:BVT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Baronsmead Venture Charts.