Announcements: Baronsmead Venture Trust - Publication of a Prospectus
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for, or to buy shares in any jurisdiction.
Baronsmead Venture Trust plc
4 October 2019
Publication of a Prospectus and Offer for Subscription
Baronsmead Venture Trust plc (the "Company") and Baronsmead Second Venture Trust plc have published a prospectus in relation to offers for subscription to raise up to £40 million in aggregate (before costs) with an over-allotment facility to raise up to a further £10 million in aggregate (the "Offers").The Offers are now open and are expected to close no later than 1 April 2020 (unless fully subscribed by an earlier date). All subscriptions will be processed on a "first come, first served" basis. Investors can subscribe for new shares by completing a paper subscription form or, online by logging on to www.baronsmeadvctoffer.co.uk and completing an electronic subscription form.
The prospectus will shortly be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.
The prospectus and paper subscription form are also available on the Baronsmead website at http://www.baronsmeadvcts.co.uk and copies are available for collection during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 1 April 2020 from the office of the Company, Octagon Point, 5 Cheapside, .
For IFA enquiries please contact RAM Capital Partners LLP on 020 3006 7530 or email firstname.lastname@example.org for document requests.
Gresham House Asset Management Limited ("Gresham House"), the Company's investment manager and a related party of the Company for the purposes of the Listing Rules will, in respect of services provided pursuant to the Offer, receive a fee of 2.75 per cent. of the gross proceeds of the Company's Offer. From this fee, Gresham House will pay all costs associated with the Offer on behalf of the Company. Gresham House will be responsible for any costs associated with the Offer in excess of this fee. This transaction is classified as a smaller related party transaction under Listing Rule 11.1.10R.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 email@example.com