British Smaller Companies VCT PLC Update on new combined offer for subscription

RNS Number : 6201D

British Smaller Companies VCT PLC

10 September 2024

 

British Smaller Companies VCT plc

Update on new combined offer for subscription (the "Offer")

 

Further to their announcement on 20 August 2024, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies") are pleased to announce that, subject to obtaining the requisite regulatory approval, the Companies intend to launch a new combined Offer for subscription for the 2024-25 tax year. 

 

The current intention is for the Companies, in aggregate, to raise up to £50 million, with over-allotment facilities of up to a further £25 million in aggregate, before issue costs.

 

Any election to make use of their over-allotment facility will be subject to the decision of the individual boards of the Companies at the relevant time.

 

A prospectus with full details of the proposed Offer is expected to be published in mid-October, with applications expected to open one week following publication.

 

Once published, the prospectus will be available from the Companies' website, www.bscfunds.com.

 

10 September 2024

 

For further information, please contact:

 

                Eamon Nolan     YFM Equity Partners                      Tel: [phone]

               Alex Collins         Panmure Liberum                           Tel: [phone]

 

 

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