Baronsmead VCT PLC Offer for Subscription- Update (0716M)

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RNS Number : 0716M

Baronsmead VCT PLC

15 January 2016

15 January 2016

Baronsmead VCT plc

Baronsmead VCT 2 plc

OFFER FOR SUBSCRIPTION - UPDATE

On 11 January 2016 Baronsmead VCT 2 plc (the "Company") launched an offer for subscription to raise up to GBP10 million (the "Offer"). The Offer was open exclusively to satisfy subscriptions from existing shareholders in the Company and Baronsmead VCT plc (the "Existing Shareholders").

The directors of the Company have been advised that, on the basis of subscription forms received prior to 1.00 p.m. on 15 January 2016, the Offer has been fully subscribed by Existing Shareholders. Existing Shareholders whose subscription forms are received after this date will have their subscription returned in accordance with the terms and conditions of the Offer.

The first allotment of new ordinary shares in the Company under the Offer is expected to be on or around 8 February 2016. Dealings in the new ordinary shares issued pursuant to the Offer will become effective on 11 February 2016.

For further information, please contact:

Michael Probin - VCT Investor Relations Director Livingbridge VC LLP

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

January 15, 2016 09:44 ET (14:44 GMT)