Update on Offer for Subscription
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Baronsmead Second Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
26 November 2024
Update on Offer for Subscription
Following the announcement made on 1 October 2024 of an intention to fundraise by Baronsmead Second Venture Trust plc (the "Company"), the Board of the Company has discussed the size and structure of the proposed offer for subscription, which the Company intends to launch in conjunction with Baronsmead Venture Trust plc ("BVT") (the "Offer"), with the Company's investment manager and the Board of BVT. Having considered the deployment of funds over the past year and the current pipeline of investment opportunities, the Company and BVT are seeking to raise £15 million each with the discretion to utilise an over-allotment facility of up to a further £10 million each.
The prospectus, which will contain the full details and terms and conditions of the Offer, will be available from www.baronsmeadvcts.co.uk as soon as the Offer is launched, which is expected to be at 9.00am on 13 January 2025. Further details with respect to the Offer will be announced in due course.
For further information please contact:
Baronsmead VCT Investor Relations
Telephone - 020 7382 0999
Notes
This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe for 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 therefore.
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