Source - LSE Regulatory
RNS Number : 7052Y
Baronsmead Second Venture Trust PLC
04 January 2024

Baronsmead SECOND Venture Trust plc

(the "Company")


4 January 2024


On 25 November 2023 Baronsmead Venture Trust plc and Baronsmead Second Venture Trust plc published a prospectus (the "Prospectus") in relation to offers for subscription to raise up to £30 million in aggregate with the discretion to utilise over-allotment facilities to raise up to a further £20 million in aggregate (the "Offers" and each an "Offer").

The Board wish to advise that it has decided to delay the proposed date of the first allotment of shares on 11 January 2024, as set out in the Prospectus.  The reason for the delay is to ensure that the allotment price is based upon the most recent valuation of the portfolio available. The Board and the Investment Manager are working to determine a more up to date NAV and an announcement will be released to the London Stock Exchange in due course.

The anticipated revised date of the first allotment will be Friday, 26 January 2024. 

In order to be allotted shares in the revised first allotment, applications via cheque will need to be received by 19 January 2024 and applications via bank transfer by 23 January 2024.  As a result of the revised allotment date, the early bird offer as set out on page 45 of the Prospectus, will now also be extended to 23 January 2024, subject to cleared funds being received by the Receiving Agent and up to a maximum of £7.5 million for each VCT.

The next scheduled allotment date is 15 February 2024 with the third allotment date being on 28 March 2024.  As stated in the Prospectus, the fourth allotment will only take place if the Offer is not fully subscribed by 3 April 2024.

For further information please contact:


Baronsmead VCT Investor Relations

Telephone: +44 (0)20 7382 0999


LEI: 2138008D3WUMF6TW8C28




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Baronsmead Second Venture Trust PLC (BMD)

0p (0.00%)
delayed 15:55PM