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1 Feb 2012 17:41
1 February 2012Baronsmead VCT 2 plcOffer Update
On 12 January 2012, Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead VCT 4 plc launched separate offers for subscription for new ordinary shares of 10p each to raise up to £4.135 million per company, before expenses, and £16.54 million in aggregate ("the Offers" and each an "Offer").
The directors of Baronsmead VCT 2 plc ("the Company") are pleased to announce that the Company's Offer is fully subscribed. The Offer is expected to close once the allotment of shares in the Company has taken place pursuant to the Offer. This is expected to take place on 20 February 2012 following the announcement of the Company's net asset value as of 31 January 2012 due to be announced on 17 February 2012.
The Offers in respect of Baronsmead VCT 3 plc and Baronsmead VCT 4 plc remain open and prospective investors are directed to the announcements being made by these companies today as to the level of subscription received for their respective Offers. The Offer in respect of Baronsmead VCT plc is also fully subscribed.
As a result of the Offers for shares in the Company being fully subscribed, subscription forms which are now received requesting a subscription for shares in the Company will be re-allocated or returned in accordance with investors' indications on their subscription forms and in accordance with the terms and conditions contained within the Offers document.
For further information, please contact:
Michael Probin - Investor Relations
ISIS EP LLP
Telephone: 020 7506 5796
XLON
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