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Baronsmead Second Venture Trust PLC Announces New Share Allotment to Boost Capital

Story Highlights
  • Baronsmead Second Venture Trust PLC allotted 12,605,774 new shares to raise capital.
  • The share issuance extends the offer into the 2025/2026 tax year, closing on 1 May 2025.
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Baronsmead Second Venture Trust PLC Announces New Share Allotment to Boost Capital

An update from Baronsmead Second Venture ( (GB:BMD) ) is now available.

Baronsmead Second Venture Trust PLC announced the allotment of 12,605,774 new ordinary shares as part of its ongoing subscription offer to raise up to £30 million, with the possibility of an additional £20 million through over-allotment. The new shares, issued at an average price of 56.00 pence, are expected to be admitted to the London Stock Exchange on 8 April 2025. This move aims to enhance the company’s capital base, allowing it to extend its offer into the 2025/2026 tax year, which will close on 1 May 2025. The total number of ordinary shares in issue will now be 462,049,852, with voting rights totaling 411,806,819, impacting shareholder calculations under disclosure rules.

More about Baronsmead Second Venture

Baronsmead Second Venture Trust PLC operates in the financial sector, focusing on venture capital investments. The company primarily engages in raising capital through offers for subscription to support its investment activities, targeting growth opportunities in various markets.

YTD Price Performance: -0.45%

Average Trading Volume: 59,758

Technical Sentiment Signal: Buy

See more insights into BMD stock on TipRanks’ Stock Analysis page.

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