19 December 2012
Baronsmead VCT 4 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 Offers for Baronsmead VCT plc and Baronsmead VCT 2 plc are
fully subscribed and have now closed. The Offers for 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). As of the close
of business on 18 December 2012,
valid applications for these Offers were as follows:
Baronsmead VCT 3 plc £4.6 million
Baronsmead VCT 4 plc £3.5 million
Baronsmead VCT 5 plc £1.9 million
Each of the Companies whose Offer remains open has agreed to
extend the early investment incentive so that Subscriptions which
are received and accepted by 12 noon on 21
December 2012 will receive additional New Shares equivalent
to 0.75 per cent. of the amount subscribed. In addition, the
Subscription Form attached to the Securities Note dated
20 November 2012 will remain valid
for use until 21 December 2012 and
commission will be payable to financial intermediaries where
financial advice in relation to Subscriptions has been provided and
Subscription Forms are received on or prior to 12.00 noon on
21 December 2012.
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