British Smaller Companies VCT PLC Update on Offers

RNS Number : 3519J

British Smaller Companies VCT PLC

24 October 2024

 

24 October 2024

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

 

Update on Offers

 

 

Further to the launch of new share offers on 17 October 2024, the Companies are pleased to announce that Application Forms are now available and are being processed.

 

The new share offers in the 2024/25 tax year are seeking to raise, in aggregate, up to £50 million, with an over-allotment facility of up to a further £25 million, in aggregate, by way of prospectus offers of new ordinary shares for subscription (the "Offers").

 

The Companies have issued a prospectus relating to the Offers (the "Prospectus"). The proceeds will be allocated between the Companies in accordance with the terms set out in the Prospectus.

 

The deadline for the receipt of Applications and cleared funds is 28 March 2025, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Companies' website:

www.bscfunds.com

 

and is available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

For further information, please contact:

 

Marcus Karia                        YFM Private Equity Limited                          Tel: [phone]

Alex Collins                           Panmure Liberum                                             Tel: [phone]

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