British Smaller Companies VCT's report strong demand for offer

(Alliance News) - British Smaller Companies VCT PLC and British Smaller Companies VCT2 PLC on ...

Alliance News 14 February, 2023 | 7:34PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - British Smaller Companies VCT PLC and British Smaller Companies VCT2 PLC on Tuesday confirmed they will use the over-allotment facility following strong demand for a subscription offer launched in November.

Applications for the fundraising, which seeks to raise GBP50 million, have been received totalling GBP45 million. As a result, the GBP25 million over-allotment facility will be used.

This increases the maximum amount which can be raised under the subscription to GBP75 million.

The deadline for applications is March 31.

Shares in British Smaller Companies VCT closed up 2.0% at 76 pence and in British Smaller Companies VCT2 PLC up 1.9% at 55.00 pence in London on Tuesday.

By Jeremy Cutler, Alliance News reporter.

Comments and questions to newsroom@alliancenews.com.

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
British Smaller Companies VCT Ord 80.00 GBX 0.00 -
British Smaller Companies VCT2 Ord 56.50 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures