Baronsmead venture trusts to launch subscription offers
Source - SMW
The boards of Baronsmead Venture Trust and Baronsmead Second Venture Trust have resolved to launch offers for subscription to raise up to £45 million in aggregate.
Baronsmead Venture Trust said the boards would also be able to utilise over allotment facilities to raise up to a further £15m in aggregate if sufficient demand arose prior to the close of the offers and if the relevant directors resolved that it was in the best interests of their shareholders.
It said it was currently anticipated that each offer would initially be open exclusively to satisfy subscriptions from existing shareholders for approximately 10 calendar days.
Following this initial exclusivity period the offers would be open to all investors.
At 8:40am: (LON:BVT) Baronsmead VCT 2 Plc share price was 0p at 87p