REG - Baronsmead Second VT - Offer Update:Close of Early Subscription Incentive

Baronsmead Second Venture TrustAnnouncement

06/02/2026 12:15

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RNS Number : 0981S  Baronsmead Second Venture Trust PLC  06 February 2026

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF
SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

 

 

Baronsmead SECOND Venture Trust plc

 

LEI: 2138008D3WUMF6TW8C28

 

 

6 February 2026

 

 

Offer Update - Closure of Early Subscription Incentive

 

The Board of Baronsmead Second Venture Trust plc (the "Company") announced on
13 October 2025 that the Company, together with Baronsmead Venture Trust plc
("BVT"), had published a prospectus in relation to offers for subscription to
raise up to £30 million in aggregate with an over-allotment facility to raise
up to a further £20 million in aggregate (the "Offers").

 

Under the Offers the Company's investment manager, Gresham House Asset
Management Limited, offered investors an early subscription incentive discount
on offer costs as set out on page 9 of the prospectus. This discount was
offered to investors whose subscriptions represented the first £10.0 million
of aggregate Application Amounts received by the Company, on the following
basis:

 

·      existing shareholders receive a discount of 0.75 per cent. of
their Offer Costs; and

 

·      new investors receive a discount of 0.50 per cent. of their Offer
Costs.

 

The Company has now received valid Application Forms in relation to aggregate
Application Amounts that exceed £10.0 million under its Offer. Therefore, the
discounts set out under the Early Subscription Incentive will not apply to any
further Applications received in relation to the Company's Offer.

 

For fundraising enquiries please contact Gresham House on 020 3875 9851 or
email: wholesaledistribution@greshamhouse.com
(mailto:wholesaledistribution@greshamhouse.com) .

 

For VCT administration enquiries, please contact:

Baronsmead VCT Investor Relations

Telephone: +44 (0)20 7382 0999

baronsmeadvcts@greshamhouse.com (mailto:baronsmeadvcts@greshamhouse.com)

 

Notes

This Announcement is an advertisement for the purposes of the Prospectus
Rules: Admission to Trading on a Regulated Market (PRM) of the UK Financial
Conduct Authority ("FCA") and is not a prospectus. This Announcement does not
constitute or form part of, and should not be construed as, an offer for sale
or subscription of, or solicitation of any offer to subscribe for or to
acquire, any ordinary shares in Baronsmead Venture Trust plc or Baronsmead
Second Venture Trust plc (together the "Companies") in any jurisdiction,
including in or into Australia, Canada, Japan, the Republic of South Africa,
the United States or any member state of the EEA (other than any member state
of the EEA where the Companies' securities may be lawfully marketed).
Investors should not subscribe for or purchase any ordinary shares referred to
in this Announcement except on the basis of information in the prospectus (the
"Prospectus") in its final form, published on 13 October 2025 by Baronsmead
Venture Trust plc and Baronsmead Second Venture Trust plc, in connection with
the Offer. A copy of the Prospectus  is available for inspection, subject to
certain access restrictions, from the Company's registered office, for viewing
at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website (http://www.baronsmeadvcts.co.uk (http://www.baronsmeadvcts.co.uk) ).
Approval of the Prospectus by the FCA should not be understood as an
endorsement of the securities that are the subject of the Prospectus.
Potential investors are recommended to read the Prospectus before making an
investment decision in order to fully understand the potential risks and
rewards associated with a decision to invest in the Companies' securities.

 

 

 

 

 

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