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British Smaller Companies VCT ( (GB:BSV) ) just unveiled an announcement.
British Smaller Companies VCT plc has completed the first tranche of fundraising under its joint 2025/26 tax year share offers with British Smaller Companies VCT2 plc, allotting 19.48 million new ordinary shares and raising £15.6 million of the £25 million total first allotment. The shares were issued at prices between 79.84p and 83.80p, based on a net asset value of 78.05p per share adjusted for a recent dividend, with applicants compensated for the period funds were held prior to allotment; the issue increases the company’s voting share capital to 373.4 million shares and admission of the new shares to the London Stock Exchange is expected around 20 January 2026, ahead of a second and final allotment of the remaining £60 million of gross proceeds in early April. The participation of employees and members of the manager, YFM Private Equity, which raised their aggregate holding to over 1.35 million shares, and the scale of the overall £85 million offer indicate continued investor support and provide fresh capital for deployment into UK smaller companies, reinforcing the trust’s position in the venture capital trust market and affecting shareholder calculations under disclosure and transparency rules.
More about British Smaller Companies VCT
British Smaller Companies VCT plc is a UK-listed venture capital trust that provides funding to smaller, growth-oriented British companies. Managed by YFM Private Equity, it offers investors exposure to a diversified portfolio of unquoted and AIM-quoted businesses, targeting capital growth and income within the UK smaller companies segment.
Average Trading Volume: 139,627
Technical Sentiment Signal: Strong Buy
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