British Smaller Companies VCT PLC Offer Update

RNS Number : 0068N

British Smaller Companies VCT PLC

20 November 2024

 

 

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

 

Utilisation of over-allotment facility

 

 

On 17 October 2024 the Companies launched offers for subscription (the "Offers") seeking to initially raise £50 million in aggregate for the 2024/25 tax year. 

 

Following the successful launch, with applications received to date approaching £45 million and considering the continuing level of demand, the Companies have today confirmed that the over-allotment facility of £25 million included in the Offers will be used in full.  This increases the maximum amount which can be raised under the Offers to £75 million in aggregate.

 

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 receipt of Application Forms and cleared funds is 28 March 2025, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Company's website:

www.bscfunds.com

 

and is also 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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