Baronsmead Venture Trust PLC Change of allotment date (7050Y)
05 1월 2024 - 12:45AM
UK Regulatory
TIDMBVT
RNS Number : 7050Y
Baronsmead Venture Trust PLC
04 January 2024
Baronsmead Venture Trust plc
4 January 2024
CHANGE OF ALLOTMENT DATE
On 25 November 2023 Baronsmead Venture Trust plc (the "Company")
published a prospectus (the "Prospectus") in relation to offers for
subscription to raise up to GBP15 million in aggregate with the
discretion to utilise over-allotment facilities to raise up to a
further GBP10 million in aggregate (the "Offers" and each an
"Offer"). Approximately GBP6 million as been subscribed to the
Company's Offer to date.
In order to protect the interests of both existing shareholders
and subscribers to the Company's offer, the Board has decided to
change the date of the first allotment of shares which was due to
be on 11 January 2024. As set out in the Prospectus, the allotment
price will be based upon the most recently published net assest
value ("NAV"). As the most recently published NAV was the unaudited
NAV as at 30 November 2023, the Board and the Investment Manager
are working to establish a more up to date NAV to reflect any
material market movements that may have taken place since then. An
announcement will be released to the London Stock Exchange prior to
the revised date of the first allotment, which is anticipated to 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 this change to the allotment date, the deadline for 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 to a maximum of GBP7.5
million.
The next scheduled allotment dates are 15 February 2024 and 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. As set out in the Prospectus, the Board reserves the right to
revise these dates, undertake additional allotments, close its
Offer and / or extend its Offer.
For further information please contact:
Baronsmead VCT Investor Relations
Telephone: +44 (0)20 7382 0999
baronsmeadvcts@greshamhouse.com
LEI: 213800VQ1PQHOJXDDQ88
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END
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January 04, 2024 10:45 ET (15:45 GMT)
Baronsmead Venture (LSE:BVT)
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부터 4월(4) 2024 으로 5월(5) 2024
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