British Smaller Companies VCT PLC Close of Offer to new Applications

RNS Number : 6258S

British Smaller Companies VCT PLC

08 January 2025

 

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

Close of Offers to New Applications

The Companies launched offers for subscription on 17 October 2024 seeking to raise £75 million in aggregate for the 2024/25 tax year (the "Offers"). 

As a result of a strong level of demand, the Companies have now received applications to the maximum level permitted and, as a consequence, the Offers are now closed to new applications.

The allotment of the first £25 million of gross proceeds will take place between 28 and 31 January 2025. The second and final allotment of £50 million of gross proceeds will take place between 1 and 4 April 2025.  Funds awaiting allotment will receive additional shares equivalent to a 3.35 per cent per annum return (rate subject to change by the receiving agent's banking provider).

The Companies have issued a prospectus relating to the Offers (the "Prospectus"), which is available from the Company's 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 Equity Partners                                        Tel: [phone]

Alex Collins                           Panmure Liberum                                             Tel: [phone]

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

OUPFLFLSLLITIIE