21 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 3 plc have been advised that, on
the basis of the Subscription Forms received as at on the close of
business on 20 December 2012, the
Offer for Baronsmead VCT 3 plc became 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 plc and Baronsmead VCT 2 plc
became fully subscribed and closed on 14 and 17 December 2012 respectively. The Offers for
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 as at the
close of business on 20 December 2012
for these Offers were as follows:
Baronsmead VCT 4 plc £3.8 million; and
Baronsmead VCT 5 plc £2.1 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