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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead Second Venture Trust Plc | LSE:BMD | London | Ordinary Share | GB0030028103 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.50 | 54.00 | 57.00 | 55.50 | 55.50 | 55.50 | 0.00 | 08:00:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.2M | -6.91M | -0.0192 | -28.91 | 200.12M |
TIDMBMD
RNS Number : 8460V
Baronsmead Second Venture Trust PLC
08 November 2017
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 IN 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 SOUTH AFRICA.
BARONSMEAD SECOND VENTURE TRUST PLC
8 November 2017
Offer for Subscription - Update
On 4 October 2017, Baronsmead Second Venture Trust plc (the "Company") published a prospectus (the "Prospectus") in relation to an offer for subscription to raise up to GBP24 million (before costs) (the "Offer"). The Company announced on 26 October 2017 that it had raised gross proceeds of approximately GBP13.5 million pursuant to the Offer and accordingly had issued 13,797,365 New Shares at an Offer Price of 97.60 pence.
The Board of the Company is now pleased to announce that as at the close of business on 7 November 2017, the Company had raised gross proceeds of approximately GBP16.5 million in total pursuant to the Offer.
The Board has resolved to move the second allotment of New Shares under the Offer from 15 November 2017 to 17 November 2017 to allow Existing Shareholders and new investors additional time to submit their Subscription Forms. The Company will make a further announcement in relation to the second allotment, including the Offer Price at which the New Shares will be issued, in due course. In accordance with the terms of the Offer the Board has further resolved to extend the Offer period to 12 noon on 29 December 2017 or until such date as the Offer is fully subscribed, being no later than 29 December 2017.
Subscriptions will be processed by the Receiving Agent on a "first come, first served" basis. Existing Shareholders and new investors who wish to participate in the Offer should return a completed Subscription Form to the Receiving Agent, as set out in the Prospectus, as soon as possible.
Definitions
Terms defined in the Prospectus have the same meanings in this announcement unless the context requires otherwise.
Further information
For further information please contact.
Michael Probin - VCT investor relations
Livingbridge VC LLP
020 7506 5796
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 company news service from the London Stock Exchange
END
OUPUBVBRBRAARAA
(END) Dow Jones Newswires
November 08, 2017 04:00 ET (09:00 GMT)
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