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LONDON - Baronsmead Venture Trust PLC announced the extension of its current subscription offer, originally set to close soon after its initiation earlier this year. The offer, detailed in a prospectus published on January 10, 2025, aimed to raise up to £30 million, with an option to increase the total by an additional £20 million through over-allotment.
As of the close of business on April 24, 2025, the Company reported it has successfully raised approximately £21.2 million. In response to this, the Board has decided to extend the subscription period, allowing for a fourth allotment of shares to be made on Thursday, July 3, 2025. This is in addition to the third allotment, which is scheduled to proceed as initially planned on May 1, 2025.
Investors interested in participating in the fourth allotment must submit their applications by 9:00 am on Monday, June 30, 2025. The company has specified that all application amounts must be submitted via bank transfer and that funds must be cleared before the allotment date.
This extension provides potential investors with additional time to participate in the offer. The Company has not released any further details regarding the rationale behind the extension or the specific use of the funds raised.
The information regarding the offer and its extension is based on a press release statement by Baronsmead Venture Trust PLC. The offer is not open to investors in certain jurisdictions, including Australia, Canada, Japan, the Republic of South Africa, the United States, or any member state of the EEA where the company’s securities cannot be legally marketed, among others. The announcement does not constitute an offer or a solicitation to buy securities in any jurisdiction where such actions would be considered unlawful.
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