Baronsmead Fundraising is now Open
The Companies 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") for the tax year 19/20.
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 using one of the following methods:
· Online: online Subscriptions can be made at www.baronsmeadvctoffer.co.uk
· Post: Subscriptions can be made by post by completing the subscription form available here and sending it to Computershare Investor Services PLC, Corporate Actions 2, Bridgwater Road, Bristol, BS99 6AR.
Please note that payments must be made via bank transfer or cheque, we cannot accept payments by credit or debit card.
The full terms and conditions of the Offers are contained within the Prospectus.
Prospective investors should read the Prospectus in full. If you are in any doubt as to what action you should take, you are recommended to consult a person authorised under the Financial Services and Markets Act 2000 to provide investment advice.
Baronsmead have launched a new portal for both direct investors and IFAs. As an IFA you can follow this link www.baronsmeadportal.co.uk and set up a profile where you’ll be able to generate individual or bulk links for you to distribute to your clients. This way you will be able to track the progress of your clients through the investment phase.
User accounts will need to be approved by Computershare before the portal can be used. Approvals will be processed twice a day (midday and overnight) so we recommend you register your account as soon as possible.
Full user instructions can be found in the guide here www.baronsmeadportal.co.ukPlease note the timeline on page 4. From the 4th October you will be able to set up your account and send links to your clients then from 16th October (phase two) you will have full access to the dashboard where you will see the application list, details and workflow. Any questions regarding this please emailbaronsmeadOFS@computershare.co.uk or call 0800 923 1533.
Each Company is a Venture Capital Trust ("VCT"), which is a particular type of investment company. The VCT regime was established by the UK Government with the intention of encouraging individuals to invest indirectly in a range of small higher-risk trading companies whose shares and securities are not listed on a recognised stock exchange. Investments in VCTs are high risk and for the long term.