British Smaller Companies VCT plcLSE: BSV

British Smaller Companies VCT: Offer Update

· Issued by British Smaller Companies VCT plc via RNS

Summary by 6ix AI

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc said on 30 September 2026 that application forms for their new share offers, launched on September 23, 2026, are now available and being processed.

Key details

  • The offers of new ordinary shares for the 2026/27 tax year seek to raise up to £40 million in aggregate, with an over-allotment facility (an option to accept extra demand) of up to a further £20 million in aggregate.
  • The offers are made by prospectus, and the proceeds will be split between the two companies under the terms set out in the prospectus.
  • VCT stands for venture capital trust, a type of listed investment company.

What’s still pending

  • The deadline for applications and cleared funds is March 31, 2027, or earlier if the offers become fully subscribed.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/offer-update-94

30 September 2026

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

Update on Offers

Further to the launch of new share offers on 23 September 2026, the Companies are pleased to announce that Application Forms are now available and are being processed.

The new share offers for the 2026/27 tax year are seeking to raise up to £40 million in aggregate, with an over-allotment facility of up to a further £20 million in aggregate, by way of prospectus offers of new ordinary shares for subscription (the "Offers").

The Companies have issued a prospectus relating to the Offers (the "Prospectus"). The proceeds will be allocated between the Companies in accordance with the terms set out in the Prospectus.

The deadline for the receipt of Applications and cleared funds is 31 March 2027, or earlier if the Offers become fully subscribed.

The Prospectus is available from the Companies' website:

www.bscfunds.com

and is also available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

Marcus Karia                          YFM Equity Partners                                            Tel: 0113 244 1000

Alex Collins                            Panmure Liberum                                                 Tel: 0207 886 2767

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