Baronsmead Second Venture Trust PLC Issue of New Shares (2738I)
31 Marzo 2020 - 8:08AM
UK Regulatory
TIDMBMD
RNS Number : 2738I
Baronsmead Second Venture Trust PLC
31 March 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 Second Venture Trust plc
31 March 2020
Issue of New Shares pursuant to the Offer for Subscription
The Board of Baronsmead Second Venture Trust plc (the "Company")
announced on 4 October 2019 that it had published a prospectus in
conjunction with Baronsmead 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 GBP5 million (the "Offer").
The fourth and final allotment took place earlier today. New
Shares in the Company issued under the fourth allotment of the
Offer were issued at an issue price of 64.30 pence and 3,452,060
New Shares in aggregate were issued. The issue price has been
calculated by dividing the Company's latest published Net Asset
Value of 62.51 pence per ordinary share as at 23 March 2020 by
0.9725 in accordance with the terms of the Offer.
Applications have been made for the New Shares to be issued
pursuant to the Offer 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 1 April
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 third
allotment.
Following the fourth and final allotment under the Offer the
Company has raised approximately GBP18.4 million. The Offer is now
closed, in accordance with the terms of the Offer investors whose
Subscription Forms and/or Electronic Subscription Forms were
received after 12 noon on 23 March 2020 will have their
subscription monies returned in accordance with the terms and
conditions of the Offer.
Total voting rights
Each Ordinary Share has one voting right. Following the issue of
New Shares pursuant to the Offer, the Company will have 271,466,654
Ordinary Shares in issue (of which 22,980,780 Ordinary Shares are
held in treasury). The total number of voting rights in the Company
will therefore be 248,485,874 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 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.
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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(END) Dow Jones Newswires
March 31, 2020 10:08 ET (14:08 GMT)
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