Baronsmead Second Venture Trust Extends Share Offer and Issues New Equity Ahead of Tax Relief Cut
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Baronsmead Second Venture Trust PLC has announced the allotment of 12,370,324 new ordinary shares priced between 47.27p and 49.56p, with an average price of 48.01p. The total ordinary shares will rise to 495,704,729, providing 432,792,488 voting rights. The fundraising offer has been extended into the 2026/27 tax year, with a final allotment expected around 14 May 2026, ahead of a planned reduction in VCT income tax relief from 30% to 20%.
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