NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
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.
Baronsmead
Venture Trust plc
LEI: 213800VQ1PQHOJXDDQ88
26 November
2024
Update on Offer
for Subscription
Following the announcement made on 1 October
2024 of an intention to fundraise by Baronsmead Venture Trust plc
(the "Company"), the Board
of the Company has discussed the size and structure of the proposed
offer for subscription, which the Company intends to launch in
conjunction with Baronsmead Second Venture Trust plc ("BSVT") (the "Offer"), with the Company's investment
manager and the Board of BSVT. Having considered the deployment of
funds over the past year and the current pipeline of investment
opportunities, the Company and BSVT are seeking to raise £15
million each with the discretion to utilise an over-allotment
facility of up to a further £10 million each.
The prospectus, which will contain the full
details and terms and conditions of the Offer, will be available
from www.baronsmeadvcts.co.uk as
soon as the Offer is launched, which is expected to be at 9.00am on
13 January 2025. Further details with respect to
the Offer will be announced in due course.
For further information please
contact:
Baronsmead VCT Investor Relations
Telephone - 020 7382 0999
baronsmeadvcts@greshamhouse.com
Notes
This announcement does not constitute or form
part of any offer to issue or sell, or any solicitation of any
offer to subscribe for or purchase, any investment in any
jurisdiction, nor shall it (or the fact of its distribution) form
the basis of, or be relied on in connection with, any contract
therefore.
