Baronsmead VCTs - Offers for subscription Baronsmead VCTs - Offers for subscription

Baronsmead Venture Trust plc and Baronsmead Second Venture Trust plc (BVT, BSVT or the Companies and each a Company respectively)

Publication of a Prospectus and Offer for Subscription

The Companies have published a prospectus in relation to offers for subscription to raise up to £XX million in aggregate (before costs) with an over-allotment facility to raise up to a further £10 million in aggregate (the Offers).

The Offers are now open and are expected to close no later than 1 April 2020 (unless fully subscribed by an earlier date). All subscriptions will be processed on a “first come, first served” basis. Investors can subscribe for new shares using one of the following methods:

  • Email: Subscriptions can be made by email by completing the subscription form available on [add new form] and sending it to
  • Post: Subscriptions can be made by post by completing the subscription form available on [link to downloadable PDF form] and sending it to Computershare Investor Services plc, Corporate Actions 2, Bridgwater Road, Bristol BS99 6AR
  • Online Portal: Baronsmead have launched a new portal for both direct investors and IFAs. As an IFA you can follow this link  and set up a profile where you’ll be able to generate individual or bulk links for you to distribute to your clients. This way you will be able to track the progress of your clients through the investment phase

User accounts will need to be approved by Computershare before the portal can be used.  Approvals will be processed twice a day (midday and overnight) so we recommend you register your account as soon as possible.

Full user instructions can be found in the guide here  Please note the timeline on page 4. From the 4 October you will be able to set up your account and send links to your clients then from 16 October (phase two) you will have full access to the dashboard where you will see the application list, details and workflow. Any questions regarding this please email or call 0800 923 1533.

On the application form there is a tick box at the end of section 5 – Financial Intermediaries’ Details, if your clients wish for you to be able to receive information from the registrar then please ask your clients to tick this box.

Full details of the Offers are contained in the prospectus (the “Prospectus”) issued by the Companies, dated 3 October 2019. The prospectus and subscription form are available on the Baronsmead website at and copies are available for collection during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 1 April 2020 from Gresham House, Octagon Point, 5 Cheapside, London, EC2V 6AA.

The full terms and conditions of the Offers are contained within the Prospectus.

Each Company is a Venture Capital Trust (VCT), which is a particular type of investment company. The VCT regime was established by the UK Government with the intention of encouraging individuals to invest indirectly in a range of small higher-risk trading companies whose shares and securities are not listed on a recognised stock exchange. Investments in VCTs are high risk and for the long term.

This email, which constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000, has been approved, for the purposes of that section only, by Gresham House Asset Management Limited (“Gresham House”) which is authorised and regulated by the Financial Conduct Authority (FCA) with reference number 682776 and having its registered office address at 5 New Street Square, London EC4A 3TW.

Please see the Important Notice below in relation to the status of this document.




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