2023-11-24 14:26:07
Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC – UK-focused venture capital funds managed by Gresham House PLC – publish prospectus for subscription offers to raise £30 million, in addition to a discretion to use over-allotment facilities to raise up to an additional £20 million in total. The move follows last week’s announcement by the trusts that they intend to raise £15 million each in a share offering, with an over-allotment facility to raise up to ‘to an extra £10 million for each. The stock offerings are expected to launch in early December.
Current BVT share price: 48.80 pence, non-traded
Change over 12 months: decrease of 14%.
Current BSVT share price: 52.50 pence, non-traded
Change over 12 months: down 13
By Sabrina Penty, journalist at Alliance News
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