TIDMBMD TIDMBVT
RNS Number : 5020A
Baronsmead Second Venture Trust PLC
22 January 2024
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY
OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. 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 IS AN ADVERTISEMENT AND NOT A PROSPECTUS.
Baronsmead SECOND Venture Trust plc
LEI: 2138008D3WUMF6TW8C28
22 January 2024
Offer Update - Extension of Early Bird Discount Date
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 24 November 2023 that the Company, together with
Baronsmead Venture Trust plc, had published a prospectus in
relation to offers for subscription to raise up to GBP30 million in
aggregate with an over-allotment facility to raise up to a further
GBP20 million in aggregate (the "Offers").
Under the Offers the Company's investment manager, Gresham House
Asset Management Limited, offered investors an 'early bird'
discount on offer costs. This discount was offered to investors
that subscribed on or before 23 January 2024 subject to a maximum
aggregate subscription amount under the 'early bird' Application
Amount qualifying for this discount of GBP7.5 million per company,
on the following basis :
-- existing shareholders receive a discount of 0.75 per cent. of their Offer Costs; and
-- new investors receive a discount of 0.5 per cent. of their Offer Costs.
The Board has decided to extend the deadline for the early bird
offer as set out on page 45 of the Prospectus to 8 February 2024,
subject to cleared funds being received by the Receiving Agent and
to a maximum of GBP7.5 million.
All subscriptions will be processed on a "first come, first
served" basis. Investors can subscribe for new shares online by
logging on to www.baronsmeadvcts.co.uk/vctoffer and completing an
electronic subscription form or by completing a paper subscription
form which can be found at the back of the prospectus or downloaded
from the Baronsmead website at www.baronsmeadvcts.co.uk/vctoffer
.
For fundraising enquiries please contact Gresham House on 020
3875 9851 or email: wholesaledistribution@greshamhouse.com .
For VCT administration enquiries, please contact:
Baronsmead VCT Investor Relations
Telephone: +44 (0)20 7382 0999
baronsmeadvcts@greshamhouse.com
Notes
This announcement is an advertisement for the purposes of the
Prospectus Regulation Rules of the UK Financial Conduct Authority
("FCA") and is not a prospectus. This announcement does not
constitute or form part of, and should not be construed as, an
offer for sale or subscription of, or solicitation of any offer to
subscribe for or to acquire, any ordinary shares in Baronsmead
Venture Trust plc or Baronsmead Second Venture Trust plc (together
the "Companies") in any jurisdiction, including in or into the
United States, Australia, Canada, Japan or the Republic of South
Africa. Investors should not subscribe for or purchase any ordinary
shares referred to in this announcement except on the basis of
information in the prospectus (the "Prospectus") in its final form,
published on 24 November 2023 by Baronsmead Venture Trust plc and
Baronsmead Second Venture Trust plc in connection with the proposed
admission of new ordinary shares to the premium segment of the
Official List of the FCA and to trading on London Stock Exchange
plc's main market for listed securities (as amended by a
supplementary prospectus published on 19 January 2024). Copies of
the Prospectus and the Supplementary Prospectus are available for
inspection, subject to certain access restrictions, from the
Companies' registered office, for viewing at the National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Companies' website ( http://www.baronsmeadvcts.co.uk ).
Approval of the Prospectus and the Supplementary Prospectus by the
FCA should not be understood as an endorsement of the securities
that are the subject of the Prospectus and the Supplementary
Prospectus. Potential investors are recommended to read the
Prospectus and the Supplementary Prospectus before making an
investment decision in order to fully understand the potential
risks and rewards associated with a decision to invest in the
Companies' securities.
The distribution of this announcement may be restricted by law
in certain jurisdictions and persons into whose possession any
document or other information referred to herein 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. This
announcement does not constitute, and may not be construed as, an
offer to sell, or the solicitation of an offer to acquire or
subscribe for, securities of the Companies in any jurisdiction
where such offer or solicitation is unlawful or would impose any
unfulfilled registration, qualification, publication or approval
requirements on either of the Companies or Howard Kennedy Corporate
Services LLP. The offer and sale of securities of the Companies has
not been and will not be registered under the applicable securities
laws of the United States, Australia, Canada, Japan or the Republic
of South Africa. Subject to certain exemptions, the securities of
the Companies may not be offered to or sold within the United
States, Australia, Canada, Japan or the Republic of South Africa or
to any national, resident or citizen of the United States,
Australia, Canada, Japan or the Republic of South Africa.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities of the Companies have not been and
will not be registered under the US Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to
any national, resident or citizen of the United States. No public
offering of securities is being made in the United States. In
addition, the Companies have not been and the Companies will not be
registered under the US Investment Company Act of 1940, as
amended.
The information in this announcement is for background purposes
only and does not purport to be full or complete. No reliance may
be placed for any purpose on the information contained in this
announcement or its accuracy or completeness. The material
contained in this announcement is given as at the date of its
publication (unless otherwise marked) and is subject to updating,
revision and amendment. In particular, any proposals referred to
herein are subject to revision and amendment.
This announcement does not constitute a recommendation
concerning the Companies or the Offers. The price and value of
securities and any income from them can go down as well as up. Past
performance is not a guide to future performance and prospective
investors may not receive any return from either Company. Before
purchasing any securities of either Company, persons viewing this
announcement should ensure that they fully understand and accept
the risks set out in the Prospectus and the Supplementary
Prospectus. Information in this announcement or any of the
documents relating to the Companies or the Offers cannot be relied
upon as a guide to future performance. Potential investors should
consult a professional adviser as to the suitability of the Offers
for them.
Howard Kennedy Corporate Services LLP, which is authorised and
regulated by the FCA, is acting only for the Companies in
connection with the matters described in this announcement and is
not acting for or advising any other person, or treating any other
person as its client, in relation thereto and will not be
responsible for providing the regulatory protection afforded to
clients of Howard Kennedy Corporate Services LLP or advice to any
other person in relation to the matters contained herein.
Neither Howard Kennedy Corporate Services LLP, the Companies, or
any of their respective parents or subsidiary undertakings, or the
subsidiary undertakings of any such parent undertakings, or any of
such person's respective directors, partners, officers, employees,
agents, affiliates or advisers or any other person ("their
respective affiliates") accepts (save where required by law) any
responsibility or liability whatsoever for/or makes any
representation or warranty, express or implied, as to this
announcement, including the truth, accuracy or completeness of the
information in this announcement (or whether any information has
been omitted from the announcement) or any other information
relating to the Companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of this announcement or its
contents or otherwise arising in connection therewith.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
OUPBTMITMTATBTI
(END) Dow Jones Newswires
January 22, 2024 10:00 ET (15:00 GMT)
Baronsmead Venture (LSE:BVT)
Historical Stock Chart
From May 2024 to Jun 2024
Baronsmead Venture (LSE:BVT)
Historical Stock Chart
From Jun 2023 to Jun 2024