14 December 2012
Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc,
Baronsmead VCT 4 plc and Baronsmead VCT 5 plc
Offers for Subscription - Update
On 20 November 2012 Baronsmead VCT
plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc, Baronsmead VCT 4
plc and Baronsmead VCT 5 plc (together "the Companies") published a
Prospectus in relation to offers for subscription for new ordinary
shares of 10p each in each of the Companies, to raise in aggregate
up to £30 million (before issue costs) (the "Offers" and each an
"Offer"). The Offers opened on 11 December
2012.
The directors of Baronsmead VCT plc have been advised that, on
the basis of the Subscription Forms received as at 12.00 noon on
14 December 2012, the Offer for
Baronsmead VCT plc is fully subscribed and is now closed.
Subscribers to this Offer whose Subscription Forms are received
after its closure will have their Subscription re-allocated or
returned in accordance with their instructions on their
Subscription Form and the Terms and Conditions of
Subscriptions.
The Offers for Baronsmead VCT 2 plc, Baronsmead VCT 3 plc,
Baronsmead VCT 4 plc and Baronsmead VCT 5 plc are not yet fully
subscribed and will remain open until 5
April 2013 (unless fully subscribed by an earlier date or
previously extended by the directors to no later than 30 April 2013). Valid applications to date for
these Offers are as follows:
Baronsmead VCT 2 plc £4.4 million
Baronsmead VCT 3 plc £3.5 million
Baronsmead VCT 4 plc £2.8 million
Baronsmead VCT 5 plc £1.4 million
The first allotment of new ordinary shares in the Companies is
expected to be on or around 21 December
2012 with dealings expected to commence three Business Days
thereafter.
For further information, please contact:
Michael Probin - Investor Relations
ISIS EP LLP
Telephone: 020 7506 5796