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Share Price Information for Baronsmead Vt (BVT)

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Baronsmead Venture Trust is an Investment Trust

To achieve long-term investment returns for private investors by investing primarily in a diverse portfolio of UK growth businesses, whether unquoted or traded on AIM.

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Offer Update - Change To Allotment Date

13 Dec 2019 12:41

RNS Number : 8625W
Baronsmead Venture Trust PLC
13 December 2019
 

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 FOR 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 THE REPUBLIC OF SOUTH AFRICA.

This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for, or to buy shares in any jurisdiction.

Baronsmead Venture Trust plc

13 December 2019

The Board of Baronsmead Venture Trust plc (the "Company") announced on 4 October 2019 that it had published a prospectus in conjunction with Baronsmead Second Venture Trust plc in relation to an offer for subscription to each raise up to £20 million in aggregate (before costs) with an over-allotment facility to each raise up to a further £5 million in aggregate (the "Offer"). The Company announced on 20 November 2019 that 13,992,088 New Shares would be issued at an issue price of 76.80 pursuant to the first allotment under the Offer.

Under the Offer the second allotment of new Shares is scheduled to take place on 10 January 2020. However, following consultation with the Company's investment manager, the Board have resolved that the second allotment will be moved to 24 January 2020 to allow investors more time to submit their subscriptions following the Christmas period. In order for New Shares to be allotted to investors under the second allotment Subscription Forms and Electronic Subscription Forms must be received by 12 noon on 17 January 2020.

Investors who are issued New Shares under the second allotment will be entitled to receive the final dividend, expected to be paid on or around 6 March 2020.

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862 baronsmeadvcts@greshamhouse.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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