IN BRIEF: British Smaller Cos VCTs gain applications for share offer

British Smaller Cos VCT PLC - venture capital trust - In conjunction with British Smaller ...

Alliance News 24 September, 2021 | 2:21PM
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British Smaller Cos VCT PLC - venture capital trust - In conjunction with British Smaller Companies VCT 2 PLC, says that applications exceeding GBP10 million have been received in relation to new share subscription offer launched on Wednesday, in order to raise up to GBP40 million.

The offer includes an over-allotment facility of up to a further GBP20 million. The offer will expire on April 1, 2022, or earlier if the offers become fully subscribed.

Those who subscribe for the GBP10 million under the offers will receive additional new shares equal to 0.5% of the original amount they subscribed for.

Current stock price: 81.50 pence

Year-to-date change: up 25%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
British Smaller Companies VCT Ord 78.00 GBX 0.00 -
British Smaller Companies VCT2 Ord 55.00 GBX 0.00 -

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