Baronsmead Venture Trust PLC Issue of New Shares (4038P)

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RNS Number : 4038P

Baronsmead Venture Trust PLC

07 February 2019

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 VENTURE TRUST PLC

7 February 2019

Issue of New Shares pursuant to the Offer for Subscription

The Board of Baronsmead Venture Trust plc (the "Company") announced on 18 January 2019 that the offer for subscription launched by the Company on 9 January 2019 (the "Offer") was fully subscribed.

New Shares issued under the Offer will be issued at an issue price of 84.20 pence and 14,248,452 New Shares in aggregate will be issued pursuant to the Offer. The issue price has been calculated by dividing the Company's latest published Net Asset Value of 81.85 pence as at 31 January 2019 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 8 February 2019.

As the Offer is fully subscribed Company will not carry out a second allotment of New Shares pursuant to the Offer. Investors whose subscriptions have been unsuccessful will have their subscription monies returned in accordance with the terms and conditions of the Offer.

It is expected that share certificates and tax certificates in respect of the New Shares will be issued to the relevant Shareholders in the week commencing 18 February 2019.

Total voting rights

Each Ordinary Share has one voting right. Following the issue of New Shares pursuant to the Offer, the Company will have 220,533,675 Ordinary Shares in issue (of which 16,035,107 Ordinary Shares are held in treasury). The total number of voting rights in the Company will therefore be 204,498,568 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

[e-mail]

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 [e-mail] or visit www.rns.com.

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February 07, 2019 08:00 ET (13:00 GMT)