3 Jan 2007 12:13
Baronsmead VCT 2 PLC03 January 2007 To: RNS Date: 3 January 2007Company: Baronsmead VCT 2 plcSubject: Conversion of C Shares into Ordinary Shares The Board of Baronsmead VCT 2 plc announces the early conversion of the C Sharesof 50p each into Ordinary Shares of 10p each. The expected timetable, per theoriginal offer for subscription, was to be no later than 31 March 2007 and thiswill now be 31 December 2006. The C Shares were issued by way of an offer for subscription launched in October2004 and the funds raised have been managed as a separate pool of assets fromthose attributed to the Ordinary Shares. The C Shares will convert intoOrdinary Shares on a net asset value basis and will then rank pari passu withthe existing Ordinary Shares. The conversion is expected to take place no later than 29 January 2007, in linewith the Articles of Association of the Company, by reference to a conversionformula based on the relative net assets of the Company on 31 December 2006,being the Calculation Date. Application will be made for the Ordinary Shares tobe admitted to the Official List and to trading on the London Stock Exchange'smarket for listed securities. For further information contact: David Thorp, ISIS EP LLP: 0207 506 1609Rhonda Nicoll, F&C Asset Management plc: 0131 718 1074 This information is provided by RNS The company news service from the London Stock Exchange