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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead 5 | LSE:BAV | London | Ordinary Share | GB00B0YZHK97 | 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% | 72.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBAV
RNS Number : 8934R
Baronsmead VCT 5 PLC
11 March 2016
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.
11 MARCH 2016
BARONSMEAD VCT 5 PLC
ISSUE OF EQUITY
On 10 February 2016 Baronsmead VCT 5 plc (the "Company") announced an offer for subscription for new ordinary shares of 10p each in the Company to raise up to GBP3,850,000 (before issue costs) (the "Offer"). The Company announced that the Offer had become fully subscribed on 19 February 2016.
The Company announces the allotment of 4,497,526 New Shares has taken place today at an offer price of 85.60p per share (the "Offer Price") pursuant to the Offer. In accordance with the terms of the Offer, the Offer Price at which the New Shares have been issued has been calculated by dividing the Company's latest published Net Asset Value of 82.94p as at 29 February 2016 by 0.97 in accordance with the pricing formula set out under the Offer.
The New Shares rank pari passu in all respects with the existing Ordinary Shares.
Application has been made to the UK Listing Authority for the New Shares to be admitted to the Premium Segment of the Official List and to the London Stock Exchange for such New Shares to be admitted to trading on its main market for listed securities. It is expected that admission to the Official List will become effective and that dealings in the New Shares will commence on 16 March 2016. Definitive share certificates are expected to be dispatched within ten business days of allotment.
Each Ordinary Share has one voting right. Following the issue of New Shares pursuant to the Offer, the Company will have 61,698,902 Ordinary Shares in issue (of which 4,632,296 are held in treasury). The total number of voting rights in the Company will therefore be 57,066,606 and this figure may be used by Ordinary 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.
Enquiries:
For further information please contact.
Michael Probin - VCT Investor Relations
Livingbridge VC LLP
020 7506 5796
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELLFLEVEILLIR
(END) Dow Jones Newswires
March 11, 2016 10:17 ET (15:17 GMT)
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