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LEI: 2138008D3WUMF6TW8C28
18 March 2021
Baronsmead Second Venture Trust plc
Issue of New Shares pursuant to the Offer for Subscription
The Board of Baronsmead Second Venture Trust plc (the "Company") announced on 17 September 2020 that it had published a Prospectus in conjunction with Baronsmead Venture Trust plc in relation to an offer for subscription to each raise up to £20 million (before costs) with an over-allotment facility to each raise up to a further £17.5 million (the "Offer").
The Company has today allotted a further 8,045,749 New Shares at an issue price of 84.90 pence pursuant to the fifth allotment under the Offer. The issue price had been calculated by reference to the Company's latest published net asset value of 81.02 pence per existing share as at 28 February 2021, divided by 0.955 rounded up to the nearest 0.1 pence in accordance with the terms of the Offer.
Applications have been made for the New Shares to be admitted to the Official List (with a Premium Listing) and to the London Stock Exchange for the New Shares to be admitted to trading on the Main Market. It is expected that Admission will occur and dealing will commence in the New Shares to be issued pursuant to the Offer at 8.00 a.m. on 23 March 2021.
It is expected that share certificates and tax certificates in respect of the New Shares will be issued to the relevant Shareholders within 10 business days of the date of the allotment.
Total voting rights
Each Ordinary Share has one voting right. Following the issue of New Shares pursuant to the Offer, the Company will have 312,059,812 Ordinary Shares in issue (of which 25,790,870 Ordinary Shares are held in treasury). The total number of voting rights in the Company will therefore be 286,268,942 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
Further information
For further information please contact.
Baronsmead VCT Investor Relations
020 3875 9862
Notes
This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.
The issue and the distribution of this announcement and the Prospectus in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to in this announcement and the Prospectus comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
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