Baronsmead Venture Trust PLC Issue of Equity (0856J)
December 18 2020 - 2:00AM
UK Regulatory
TIDMBVT
RNS Number : 0856J
Baronsmead Venture Trust PLC
18 December 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF 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.
Baronsmead Venture Trust plc
LEI: 213800VQ1PQHOJXDDQ88
18 December 2020
Issue of New Shares pursuant to the Offer for Subscription
The Board of Baronsmead Venture Trust plc (the "Company")
announced on 17 September 2020 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 GBP20 million
(before costs) with an over-allotment facility to each raise up to
a further GBP17.5 million (the "Offer").
On 17 December 2020 the Company allotted 5,472,719 New Shares at
an issue price of 78.00 pence pursuant to the second allotment
under the Offer. The issue price has been calculated by dividing
the Company's latest published Net Asset Value of 74.49 pence per
ordinary share as at 30 November 2020 by 0.955 in accordance with
the terms of the Offer.
Applications have been made for the New Shares to be admitted to
the Official List (with a Premium Listing) and to the London Stock
Exchange for the New Shares to be admitted to trading on the Main
Market. It is expected that Admission will occur and dealing will
commence in the New Shares to be issued pursuant to the Offer at
8.00 a.m. on 22 December 2020.
It is expected that share certificates and tax certificates in
respect of the New Shares will be issued to the relevant
Shareholders within 10 business days of the date of the
allotment.
Total voting rights
Each Ordinary Share has one voting right. Following the issue of
New Shares pursuant to the Offer, the Company will have 275,646,952
Ordinary Shares in issue (of which 22,274,307 Ordinary Shares are
held in treasury). The total number of voting rights in the Company
will therefore be 253,372,645 and this figure may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Disclosure
Guidance and Transparency Rules.
Further information
For further information please contact.
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
Notes
This announcement does not constitute or form part of any offer
to issue or sell, or any solicitation of any offer to subscribe 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 therefor.
The issue and the distribution of this announcement and the
Prospectus in certain jurisdictions may be restricted by law and
persons into whose possession any document or other information
referred to in this announcement and the Prospectus comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
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END
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