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19 Dec 2012 09:51
BARONSMEAD VCT 3 PLC - Offer UpdateBARONSMEAD VCT 3 PLC - Offer Update
PR Newswire
London, December 19
19 December 2012
Baronsmead VCT 3 plc
Offers for Subscription - Update
On 20 November 2012 Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3plc, Baronsmead VCT 4 plc and Baronsmead VCT 5 plc (together "the Companies")published a Prospectus in relation to offers for subscription for new ordinaryshares of 10p each in each of the Companies, to raise in aggregate up to £30million (before issue costs) (the "Offers" and each an "Offer"). The Offersopened on 11 December 2012.
The Offers for Baronsmead VCT plc and Baronsmead VCT 2 plc are fully subscribedand have now closed. The Offers for Baronsmead VCT 3 plc, Baronsmead VCT 4 plcand Baronsmead VCT 5 plc are not yet fully subscribed and will remain openuntil 5 April 2013 (unless fully subscribed by an earlier date or previouslyextended by the directors to no later than 30 April 2013). As of the close ofbusiness on 18 December 2012, valid applications for these Offers were asfollows:
Baronsmead VCT 3 plc £4.6 million
Baronsmead VCT 4 plc £3.5 million
Baronsmead VCT 5 plc £1.9 million
Each of the Companies whose Offer remains open has agreed to extend the earlyinvestment incentive so that Subscriptions which are received and accepted by12 noon on 21 December 2012 will receive additional New Shares equivalent to0.75 per cent. of the amount subscribed. In addition, the Subscription Formattached to the Securities Note dated 20 November 2012 will remain valid foruse until 21 December 2012 and commission will be payable to financialintermediaries where financial advice in relation to Subscriptions has beenprovided and Subscription Forms are received on or prior to 12.00 noon on 21December 2012.
The first allotment of new ordinary shares in the Companies is expected to beon or around 21 December 2012 with dealings expected to commence three BusinessDays thereafter.
For further information, please contact:
Michael Probin - Investor Relations
ISIS EP LLP
Telephone: 020 7506 5796
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