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3 Oct 2022 13:30
British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")
Update on new combined offer for subscription (the "Offer")
Further to their announcement on 2 August 2022, the Companies are pleased to announce that, subject to obtaining the requisite regulatory approval, the Companies intend to launch a new combined Offer for subscription for tax year 2022-23.
The current intention is for the Companies, in aggregate, to raise up to £50 million, with over-allotment facilities of up to a further £25 million in aggregate, before issue costs.
Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.
A prospectus with full details of the proposed Offer will be published on or around 30 November 2022 and will be available from the Companies' website, www.bscfunds.com.
3 October 2022
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767
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