Baronsmead Venture Trust PLC Update on Fundraising (7669K)

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RNS Number : 7669K

Baronsmead Venture Trust PLC

06 January 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR 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 THE REPUBLIC OF SOUTH AFRICA.

BARONSMEAD VENTURE TRUST PLC

LEI: 213800VQ1PQHOJXDDQ88

6 January 2021

Update on Fundraising

On 17 September 2020 Baronsmead Venture Trust plc (the "Company") launched, in conjunction with Baronsmead Second Venture Trust plc, an offer for subscription (the "Offer") to each raise up to GBP20 million together with an over allotment facility to each raise up to a further GBP17.5 million (the "Over Allotment Facility").

The Directors have been advised that, on the basis of the subscription forms that have been received so far, the Company has raised the initial GBP20 million. Therefore, the Board has resolved that it is in the best interests of shareholders to utilise the Over Allotment Facility and subscriptions will be accepted to raise an additional GBP10 million, subject to the terms of the Offer. The Board will monitor the volume of subscriptions received from shareholders in relation to the Over Allotment Facility and the levels of investment activity and may release the remaining GBP7.5 million of new shares available under the Over Allotment Facility in due course.

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.

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January 06, 2021 05:35 ET (10:35 GMT)