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Baronsmead VCTs fundraising fully subscribed


On 12 January 2012 Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead VCT 4 plc (“the Companies and each “a Company”) each launched its own offer for subscription to raise up to GBP4.135 million per Company, before expenses, and GBP16.54 million in aggregate. By 7 February 2012 these offers were fully subscribed. 

The additional funds raised should enable the Companies to take advantage of anticipated investment opportunities, maintain liquidity and continue payment of dividends and costs without reducing the overall amounts available for investment.  mounts subscribed under each Offer will be used to purchase New Shares in the relevant Company and will enable investors to participate in the investment returns of that Company’s existing investment portfolio.

“We are delighted with the strong appetite for the fundraisings by Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead VCT 4 plc which meant that they were fully subscribed 18 working days after launch, raising GBP16.54 million in aggregate,” says Andrew Garside, ISIS EP LLP, Head of New Investments for the Baronsmead VCTs. “We remain active investors supporting UK entrepreneurs and we are aiming to make several new investments in 2012 to continue the growth of the Baronsmead funds.”


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