REG - British Smlr Comp 2 British Smaller Co's - Offer Update

British Smaller Companies VCTAnnouncement

13/12/2023 16:00

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RNS Number : 6894W  British Smaller Companies VCT2 Plc  13 December 2023

13 December 2023

 

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc
(together the "Companies")

 

Utilisation of over-allotment facility

 

 

On 20 September 2023 the Companies launched offers for subscription (the
"Offers") seeking to initially raise £65 million in aggregate for the 2023/24
tax year.

 

Following the successful launch, with applications received to date
approaching £60 million and considering the continuing level of demand, the
Companies have today confirmed that the over-allotment facility of £25
million included in the Offers will be used in full.  This increases the
maximum amount which can be raised under the Offers to £90 million in
aggregate.

 

The Companies have issued a prospectus relating to the Offers (the
"Prospectus"). The proceeds will be allocated between the Companies in
accordance with the terms set out in the Prospectus.

 

The deadline for receipt of Application Forms and cleared funds is 28 March
2024, or earlier if the Offers become fully subscribed.

 

The Prospectus is available from the Company's website:

www.bscfunds.com (http://www.bscfunds.com)

 

and is also available for inspection at the National Storage Mechanism, which
is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

For further information, please contact:

 

David Hall                             YFM Private
Equity Limited                          Tel: 0113 244
1000

Alex Collins                           Panmure Gordon
(UK) Limited                    Tel: 0207 886 2767

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