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Baronsmead Second Venture ( (GB:BMD) ) has provided an announcement.
Baronsmead Second Venture Trust PLC has allotted 12,370,324 new ordinary shares under its ongoing offer for subscription, priced between 47.27p and 49.56p, with an average issue price of 48.01p, and will seek admission of these shares to trading on the London Stock Exchange around 8 April 2026. Following this issue, total ordinary shares rise to 495,704,729, giving 432,792,488 voting rights, while the board has extended the fundraising offer into the 2026/27 tax year with a final allotment expected on or around 14 May 2026, ahead of a planned reduction in VCT income tax relief from 30% to 20%.
More about Baronsmead Second Venture
Baronsmead Second Venture Trust PLC is a UK-listed venture capital trust that provides investors with exposure to a diversified portfolio of smaller, growth-oriented companies. The trust focuses on delivering tax-efficient returns to UK investors by investing in qualifying holdings under the Venture Capital Trust regime, with its shares traded on the London Stock Exchange’s main market.
Average Trading Volume: 842,527
Technical Sentiment Signal: Sell
For a thorough assessment of BMD stock, go to TipRanks’ Stock Analysis page.