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1 Feb 2012 17:44
1 February 2012Baronsmead VCT 3 plcOffer Update
On 12 January 2012, Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead VCT 4 plc launched separate offers for subscription for new ordinary shares of 10p each to raise up to £4.135 million per company, before expenses, and £16.54 million in aggregate ("the Offers" and each an "Offer").
The directors of Baronsmead VCT 3 plc ("the Company") have been advised that the Offers for shares in Baronsmead VCT plc and Baronsmead VCT 2 plc are fully subscribed. The Offers remain open in Baronsmead VCT 3 plc and Baronsmead VCT 4 plc.
The directors are pleased to announce that as at 1 February 2012 the Company has received in respect of its own Offer subscriptions totalling approximately £3.5 million, providing a capacity to receive further subscriptions of approximately £0.6 million.
As a result of the Offer for shares in Baronsmead VCT plc and Baronsmead VCT 2 plc being fully subscribed, subscription forms which are now received requesting a subscription for shares in those companies will be re-allocated or returned in accordance with investors' indications on their subscription forms and in accordance with the terms and conditions contained within the Offers document.
For further information, please contact:
Michael Probin - Investor Relations
ISIS EP LLP
Telephone: 020 7506 5796
XLON
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