Baronsmead Venture Trust PLC & Baronsmead Second Venture Trust PLC - UK-focused venture capital trusts managed by Gresham House PLC - Publishes prospectus pertaining to subscription offer to raise £30 million in aggregate along with an over allotment facility of a further £20 million. Offers will open Monday at 09.00.

Says funds will be utilised primarily to allow the VCT’s to take advantage of attractive investment opportunities over the short to medium term in accordance with their respective investment strategies. Both trusts invest in a diverse portfolio of UK growth businesses, whether listed on AIM or private, with deployments made across a range of sectors. BVT and BSVT’s net asset values stand at £209.3 million and £224.1 million respectively as of November 30.

Current stock price: 51.19 pence for BVT and 52.50p for BSVT, both flat on Friday afternoon in London

12-month change: down 2.5% and 3.7%

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