Source - Alliance News

Baronsmead Venture Trust PLC on Friday said it has closed its subscription offer.

Baronsmead is a London-based investment firm, which focuses on early-stage UK companies.

In December, Baronsmead Venture Trust, together with Baronsmead Second Venture Trust PLC, announced plans to raise £40 million via a subscription. It also included the discretion to utilise over-allotment facilities to raise up to a further £10 million.

In February, the company said it intends to utilise the over-allotment facility and that it had made applications to raise up to an additional £5 million under the facility.

On Friday, Baronsmead said the offer is now fully subscribed.

Baronsmead shares were untraded at 54.50 pence each in London on Friday.

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