LONDON - Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC, collectively known as the Baronsmead Trusts, are preparing to launch a joint offer for subscription aimed at raising £30 million in total capital. Each trust intends to contribute half of the target amount, with the possibility of extending the offer by an additional £10 million each if there is sufficient demand.
The announcement follows a previous statement on October 1, 2024, signaling the trusts' fundraising intentions. After reviewing the previous year's fund deployment and evaluating the upcoming investment opportunities, the decision to proceed with the capital raise was confirmed. The trusts are managed by an investment manager who, along with both boards, has been involved in the structuring of the offer.
The forthcoming prospectus, detailing the offer's complete terms and conditions, is slated to be available on the Baronsmead website starting at 9.00am on January 13, 2025. Investors interested in the offer will be able to access the prospectus at www.baronsmeadvcts.co.uk once it is officially launched.
This fundraising initiative is subject to regulatory compliance and adheres to the legal restrictions of certain jurisdictions. The information regarding the offer is not available for distribution in the United States, Canada, Australia, Japan, the Republic of South Africa, or any jurisdiction where such distribution would be unlawful.
The Baronsmead Trusts have not provided further details about the specific use of the funds to be raised or the impact on their current investment strategies. The trusts have stated that additional information regarding the offer will be disclosed in the near future.
This news article is based on a press release statement from Baronsmead Venture Trust PLC.
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