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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead Venture Trust Plc | LSE:BVT | London | Ordinary Share | GB0002631934 | 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% | 52.50 | 51.00 | 54.00 | 52.50 | 52.50 | 52.50 | 1 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | -942k | -5.14M | -0.0147 | -35.71 | 183.61M |
TIDMBVT
RNS Number : 7498R
Baronsmead Venture Trust PLC
25 September 2017
25 September 2017
BARONSMEAD VENTURE TRUST PLC
Update on Proposed Fundraising
On 2 August 2017 the Company and Baronsmead Second Venture Trust plc ("BSVT") announced that they intended to launch offers for subscription in October 2017. Accordingly the Boards of the Company and BSVT have resolved to launch offers for subscription to raise up to GBP45 million in aggregate (the "Offers").
The Boards will also be able to utilise over allotment facilities to raise up to a further GBP15 million in aggregate if sufficient demand arises prior to the close of the Offers and if the relevant Directors resolve that it is in the best interests of their shareholders to utilise their respective over allotment facilities.
It is currently anticipated that each Offer will initially be open exclusively to satisfy subscriptions from the relevant Company's existing shareholders for approximately 10 calendar days. Following this initial exclusivity period the Offers will be open to all investors.
Further details of the Offers will be set out in a prospectus which is currently expected to be published during the week commencing 2 October 2017.
For further information please contact:
Michael Probin
VCT Investor Relations Director
Telephone: 020 7506 5796
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations ((EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASNSAEPXEFF
(END) Dow Jones Newswires
September 25, 2017 11:30 ET (15:30 GMT)
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