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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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Publication of a Prospectus - Replacement

4 Oct 2017 17:03

RNS Number : 7366S
Baronsmead Venture Trust PLC
04 October 2017
 

GENERAL TEXT AMENDMENT

 

The following amendment has been made to the 'Publication of a Prospectus' announcement released on 4 October 2017 at 16:30 under RNS No 7321S.

 

The link to the website where the prospectus is also available in electronic form has been corrected.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

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 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

4 October 2017

Publication of a Prospectus and Offer for Subscription

Baronsmead Venture Trust plc (the "Company") and Baronsmead Second Venture Trust plc ("BSVT") have today published a prospectus in relation to offers for subscription to raise up to £45 million in aggregate (before costs) together with over allotment facilities to raise up to a further £15 million in aggregate (before costs) (the "Offers").

The Offers are now open and are expected to close no later than 15 November 2017 (unless fully subscribed by an earlier date). Subscriptions will be processed on a "first come, first served" basis. The Offers will be open exclusively to satisfy subscriptions from existing shareholders in the Company and /or BSVT until the close of business on 16 October 2017.

As it is anticipated that there will be strong demand for New Shares under the Offers existing shareholders and new investors who wish to participate in the Offers are advised to return their completed subscription forms as soon as possible.

Livingbridge VC LLP ("Livingbridge"), which is a related party of the Company will, in respect of services provided pursuant to the Offer, receive a fee of 3.0 per cent. of the gross proceeds of the Offer. Out of this fee, Livingbridge will pay all costs associated with the Offer, on behalf of the the Company. Livingbridge will be responsible for any costs associated with the Offer in excess of this fee. This transaction is classified as a smaller related party transaction under Listing Rule 11.1.10R.

The prospectus will shortly be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

The prospectus is also available in electronic form on the website of the Companies at http://www.baronsmeadvcts.co.uk and copies are available for collection during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 15 November 2017 from the registered office of the Company, 100 Wood Street, London EC2V 7AN.

For further information please contact:

Michael ProbinVCT Investor Relations DirectorTelephone: 020 7506 5796

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PDIEASELESPXFFF
Date   Source Headline
7th Dec 201210:08 amPRNNet Asset Value(s)
3rd Dec 20123:16 pmPRNTotal Voting Rights
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18th Aug 201112:00 pmPRNNet Asset Value(s)
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1st Jul 201110:15 amPRNTotal Voting Rights
24th Jun 201112:44 pmPRNDirector/PDMR Shareholding
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