Baronsmead 2vt Regulatory News (BMD)

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 in 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 south africa.

BARONSMEAD SECOND VENTURE TRUST PLC

15 MARCH 2016

ISSUE OF NEW SHARES IN CONNECTION WITH THE RECONSTRUCTION AND WINDING UP OF BARONSMEAD VCT 4 PLC AND OFFER FOR SUBSCRIPTION

Further to the announcement on 11 March 2016 the Board of Baronsmead Second Venture Trust plc (formerly Baronsmead VCT 3 plc) (the "Company") confirms that the Company has issued 68,003,674 New Shares pursuant to the proposed scheme for the reconstruction and winding up of Baronsmead VCT 4 plc and 9,328,156 New Shares pursuant to the offer for subscription to raise up to £10 million (the "Offer"). Following the announcement on 2 February 2016 that the Offer was fully subscribed and the issue of such New Shares under the Offer, the Offer is now closed.

Applications have been made for the New Shares to be issued pursuant to the Scheme to be admitted to the Official List (with a Premium Listing) and to the London Stock Exchange for the New Shares to be admitted to trading on the Main Market. It is expected that Admission will occur and dealings will commence in the New Shares at 8.00 a.m. on 16 March 2016.

Total voting rights

Each Ordinary Share has one voting right. Following the issue of New Shares pursuant to the Scheme and the Offer, the Company will have 161,960,010 Ordinary Shares in issue (of which 10,234,214 Ordinary Shares are held in treasury). The total number of voting rights in the Company will therefore be 151,725,796 and this figure may be used by Ordinary Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. 

Definitions

Terms defined in the circular published by the Company dated 26 January 2016 have the same meanings in this announcement unless the context requires otherwise.

Further information

For further information please contact.

Michael Probin - VCT investor relationsLivingbridge VC LLP020 7506 5796

Notes

This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe 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 therefor. 

The issue and the distribution of this announcement, the Circular and/or the Prospectus in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to this announcement, the Circular and/or the Prospectus comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.