BNS Baronsmead 4

 

TIDMBNS 
 
RNS Number : 5297P 
Baronsmead VCT 4 PLC 
26 March 2009 
 

 
 
 
 
 
 
 
 
 
 
The Board of Baronsmead VCT 4 plc announces that the net asset value of the 
Ordinary Shares at 18 March 2009 was 89.97p per share. 
 
 
Based on the net asset values as at 18 March 2009, the Offer Price of the New 
Ordinary Shares to be allotted on or before Friday 3 April 2009 is as follows: 
 
 
Baronsmead VCT 4 plc 95.00p per New Ordinary Share 
 
 
In accordance with the Offer for Subscription dated 11 February 2009, the Offer 
Price at which New Ordinary Shares will be allotted by Baronsmead VCT 4 plc is 
calculated on the basis of the following formula (the "Pricing Formula"): 
 
 
Latest published net asset value of an existing Ordinary Share divided by 0.95 
(to allow for issue costs of 5.0 per cent.) rounded up to the nearest 0.5p per 
share. 
 
 
As a result, the Offer Prices have been calculated as follows: 
 
 
Offer Prices of New Ordinary Shares to be allotted on or before 3 April 2009 
 
 
+----------------------------+------------------+ 
|                            |  Baronsmead VCT  | 
|                            |      4 plc       | 
|                            |  (pence per New  | 
|                            | Ordinary Share)  | 
+----------------------------+------------------+ 
| Latest published NAV       |      89.97       | 
+----------------------------+------------------+ 
| Latest published NAV       |      94.71       | 
| divided by 0.95            |                  | 
+----------------------------+------------------+ 
| Offer Price (Rounding up   |      95.00       | 
| to nearest 0.5p)           |                  | 
+----------------------------+------------------+ 
 
 
 
 
As at 25 March 2009, the Offer for Subscription had received applications in 
respect of subscriptions totalling GBP364,200. The Offer for Subscription is 
seeking to raising the sterling equivalent of EUR2.5m (i.e. approximately 
GBP2.3m). 
 
 
An allotment is scheduled to take place on 3 April 2009.  The Board of 
Baronsmead VCT 4 plc reserves the right to vary the allotment timetable and 
close the offer before the 3 April 2009 in accordance with the terms and 
conditions set out in the Offer for Subscription. 
 
 
Full details of the Offer for Subscription is available on the Company's website 
www.baronsmeadvct4.co.uk 
 
 
 
 
 
 For further information contact: 
 
Michael Probin ISIS EP LLP: 
    020 7506 5796 
Paul ForsterISIS EP LLP:020 7506 5652 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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