British Smaller Companies VCT2 plc
Update on new combined offer for subscription (the "Offer")
Further to their announcement on 20 August 2024, British Smaller Companies VCT2 plc and British Smaller Companies VCT 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: 0113 244 1000
Alex Collins Panmure Liberum Tel: 0207 886 2767
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