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:
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: 0113 244 1000
Alex Collins Panmure Liberum Tel: 0207 886 2767
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