British Smaller Companies VCT2 Plc Publication of Prospectus (6864I)
November 27 2018 - 12:49PM
UK Regulatory
TIDMBSC TIDMBSV
RNS Number : 6864I
British Smaller Companies VCT2 Plc
27 November 2018
27 November 2018
British Smaller Companies VCT plc and British Smaller Companies
VCT2 plc (together the "Companies")
Publication of Prospectus
The Companies are pleased to announce that they have today
launched a new share offer for the 2018/19 tax year to raise, in
aggregate, up to GBP30 million, with an over-allotment facility of
up to GBP5 million, in aggregate, by way of prospectus offers of
new ordinary shares for subscription (the "Offers").
The Companies have issued a prospectus, which is comprised of a
securities note, a registration document and a summary document,
relating to the Offers (the "Prospectus"). The proceeds will be
allocated between the Companies in accordance with the terms set
out in the Prospectus.
The Offers open on 27 November 2018 and will close on 5 April
2019, or earlier if the Offers become fully subscribed. The Offers
will be open to existing shareholders of the Companies as at 22
October 2018 until 4 January 2019 and, unless the Offers have been
fully subscribed, the Offers will then also be available to new
investors from 5 January 2019.
Pursuant to the Offers, YFM Private Equity Limited, the
Companies' Investment Adviser, will receive a fee of 2.5 per cent
(of the gross proceeds of the Offers) in respect of subscriptions
received either direct or through an adviser and 4.5 per cent (of
the gross proceeds of the Offers) for subscriptions received
through an execution only platform or broker. This constitutes a
related party transaction under Listing Rule 11.1.10R.
The Prospectus is available from the Company's website:
www.bscfunds.com and will shortly be available for inspection at
the National Storage Mechanism, which is located at:
http://www.morningstar.co.uk/uk/NSM
A hard copy of the application form and related notes will be
posted to shareholders of the Companies.
For further information please contact:
Tracey Nice
Investor Relations Support Manager
T: 0113 261 6478
E: tracey.nice@yfmep.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.
END
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