IN BRIEF: British Smaller Cos VCTs raise maximum offer amount

British Smaller Cos VCT PLC and British Smaller Companies VCT2 PLC - venture capital trusts managed by YFM Equity Partners - Were seeking to raise GBP40 million in total for the 2021/22 tax year via offers for subscription. Following strong demand so far, the two companies increase maximum amount to be raised under the offers to total of GBP60 million. Offers will close on April 1, or sooner if they become fully subscribed. Says applications received to date exceed GBP36 million.

British Smaller Cos current stock price: 85.00 pence

Year-to-date change: up 31%

British Smaller Companies VCT2 current stock price: 62.5p

Year-to-date change: up 30%

By Lucy Heming; lucyheming@alliancenews.com

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