British Smaller Companies VCT2 Completes Final Share Issuance, Raising £19.4 Million

British Smaller Companies VCT2 ( (GB:BSC) ) has provided an update.

British Smaller Companies VCT2 plc has announced the final issuance of ordinary shares, raising £19.4 million as part of their subscription offers for the 2024/25 tax year. The total gross proceeds from the offers amounted to £75 million, with the company raising £29.2 million. The newly allotted shares are set to be listed on the London Stock Exchange, with trading expected to commence around 15 April 2025. This strategic move strengthens the company’s financial position and enhances its capacity to invest in smaller UK companies, potentially increasing shareholder value.

More about British Smaller Companies VCT2

British Smaller Companies VCT2 plc operates in the venture capital trust industry, focusing on providing funding and support to smaller UK-based companies. The company aims to generate long-term capital growth and income for its shareholders by investing in a diversified portfolio of smaller, unquoted companies across various sectors.

YTD Price Performance: 1.90%

Average Trading Volume: 84,952

Technical Sentiment Signal: Strong Sell

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