Baronsmead Second Venture Trust PLC Publication of a Prospectus (7408O)
04 Octubre 2019 - 03:00AM
UK Regulatory
TIDMBMD
RNS Number : 7408O
Baronsmead Second Venture Trust PLC
04 October 2019
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 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.
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 Second Venture Trust plc
4 October 2019
Publication of a Prospectus and Offer for Subscription
Baronsmead Second Venture Trust plc (the "Company") and
Baronsmead Venture Trust plc have published a prospectus in
relation to offers for subscription to raise up to GBP40 million in
aggregate (before costs) with an over-allotment facility to raise
up to a further GBP10 million in aggregate (the "Offers").The
Offers are now open and are expected to close no later than 1 April
2020 (unless fully subscribed by an earlier date). All
subscriptions will be processed on a "first come, first served"
basis. Investors can subscribe for new shares by completing a paper
subscription form or, online by logging on to
www.baronsmeadvctoffer.co.uk and completing an electronic
subscription form.
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 and paper subscription form are also available on
the Baronsmead website 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 1 April 2020 from the office of the Company, Octagon Point, 5
Cheapside, .
For IFA enquiries please contact RAM Capital Partners LLP on 020
3006 7530 or email taxsolutions@ramcapital.co.uk for document
requests.
Gresham House Asset Management Limited ("Gresham House"), the
Company's investment manager and a related party of the Company for
the purposes of the Listing Rules will, in respect of services
provided pursuant to the Offer, receive a fee of 2.75 per cent. of
the gross proceeds of the Company's Offer. From this fee, Gresham
House will pay all costs associated with the Offer on behalf of the
Company. Gresham House 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.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 baronsmeadvcts@greshamhouse.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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October 04, 2019 04:00 ET (08:00 GMT)
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