Last checked at 
6 Nov 2017 11:15
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 VENTURE TRUST PLC
6 November 2017
Offer For Subscription - Update
On 4 October 2017 Baronsmead Venture Trust plc (the "Company") launched an offer for subscription to raise up to £21 million (the "Offer"). The Offer was open exclusively to satisfy subscriptions from Existing Shareholders until 16 October 2017 and was then open to all investors. The Company issued 19,228,312 New Shares at an issue price of 94.80 pence on 26 October 2017 under the Offer.
The directors of the Company have been advised that, on the basis of Subscription Forms received during the course of 3 November 2017, the Offer has become fully subscribed. In accordance with the terms of the Offer investors whose Subscription Forms are received after this time will have their Subscription automatically allocated to the Baronsmead Second Venture Trust plc offer for subscription, which remains open, unless the investor has specifically stipulated on the Subscription Form that they do not want this to happen.
A further announcement in relation to the second allotment of New Shares under the Offer will be made shortly.
Definitions
Terms defined in the Prospectus have the same meanings in this announcement unless the context requires otherwise.
Further information
For further information please contact.
Michael Probin - VCT investor relations
Livingbridge VC LLP
020 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 and the Prospectus in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to in this announcement and 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.