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Baronsmead Venture ( (GB:BVT) ) has issued an announcement.
Baronsmead Venture Trust PLC announced the allotment of 21,838,572 new ordinary shares as part of a subscription offer to raise up to £30 million, with the potential to extend to £50 million. This move, expected to enhance the company’s capital base, signals a strategic effort to strengthen its market position and provide additional investment capacity. The new shares are set to be admitted to the London Stock Exchange, with trading anticipated to commence on 8 April 2025. The offer period has been extended into the 2025/2026 tax year, with a final allotment scheduled for 1 May 2025, indicating a proactive approach to attracting more investors.
More about Baronsmead Venture
Baronsmead Venture Trust PLC operates in the financial services industry, focusing on venture capital investments. The company primarily offers investment opportunities in small to medium-sized enterprises, aiming to provide growth capital and support to innovative businesses.
YTD Price Performance: -2.32%
Average Trading Volume: 67,847
Technical Sentiment Signal: Buy
For detailed information about BVT stock, go to TipRanks’ Stock Analysis page.