BNS Baronsmead 4

 

TIDMBNS 
 
RNS Number : 1797Q 
Baronsmead VCT 4 PLC 
06 April 2009 
 

Baronsmead VCT 4 plc 
Offer for subscription of New Ordinary Shares to raise up to the sterling 
equivalent of EUR2.5million (approximately GBP2.3m) 
Baronsmead VCT 4 plc ("the Company") announces the allotment on 3 April 2009 of 
New Ordinary Shares pursuant to the Offer for subscription which has raised 
GBP593,000 at that date. 
Based on the latest published Net Asset Value as at 18 March 2009, the Offer 
Price of the New Ordinary Shares allotted on Friday 3 April 2009 is 95p per 
New Ordinary Share. 
 
 
In accordance with the Offer document dated 11 February 2009, the Offer Price at 
which the New Ordinary Shares are allotted in the Company was 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 per cent.) rounded up to the nearest 0.5p 
per share. 
 
 
As a result, the Offer Price has been calculated as follows: 
 
 
Offer Price of New Ordinary Shares Allotted on 3 April 2009 
 
 
 
 
+----------------------------------+---------------------------+ 
|                                  |   Baronsmead VCT 4 plc    | 
|                                  |  (pence per New Ordinary  | 
|                                  |          Share)           | 
+----------------------------------+---------------------------+ 
| Latest published NAV             |          89.97            | 
|                                  |                           | 
+----------------------------------+---------------------------+ 
| Latest published NAV divided by  |          94.71            | 
| 0.95                             |                           | 
|                                  |                           | 
+----------------------------------+---------------------------+ 
| Offer Price (Rounding up to      |          95.00            | 
| nearest 0.5p)                    |                           | 
|                                  |                           | 
+----------------------------------+---------------------------+ 
The number of shares allotted and the total number of shares in issue after the 
allotment are shown below: 
+----------------------------+------------------+---------------+ 
|                            |      Shares      |  Shares in    | 
|                            |   allotted(1)    |    issue      | 
|                            |                  |  following    | 
|                            |                  |  allotment    | 
+----------------------------+------------------+---------------+ 
| Baronsmead VCT 4 plc       |     632,806      |  55,892,719   | 
+----------------------------+------------------+---------------+ 
 
 
(1) includes shares allotted with respect to any commissions waived and 
reinvested 
Dealing in the New Ordinary Shares of Baronsmead VCT 4 plc is expected to 
commence by 8 April 2009. CREST accounts are expected to be credited within five 
business days of allotment and definitive documents of title are expected to be 
dispatched within ten business days of allotment. 
The Offer for subscription closed on Friday 3 April 2009. 
 
 
For further information please contact: 
 
 
Michael Probin     VCT Investor Relations ISIS EP LLP020 7506 5796 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEEAPLKEADNEEE 
 

Grafico Azioni Baronsmead Vct 4 (LSE:BNS)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Baronsmead Vct 4 (LSE:BNS)
Storico
Da Lug 2023 a Lug 2024