Baronsmead Venture Trusts Launch Subscription Offers to Raise Up to £35 Million

Baronsmead Second Venture Trust plc (LSE:BMD) and Baronsmead Venture Trust plc have published a prospectus to raise up to £20 million across combined subscription offers. The venture trusts also hold over-allotment facilities that allow them to raise up to an additional £15 million if demand permits, bringing the maximum total fundraising to £35 million.

The fundraising provides investors with an opportunity to subscribe for new shares, with applications processed on a first-come, first-served basis once cleared funds are received. An early subscription incentive provided by investment manager Gresham House Asset Management Limited will discount offer costs by 0.75 per cent for existing shareholders and 0.5 per cent for new investors, applying to up to £7.5 million of eligible applications for the trust.

The subscription offers open at 9:00 a.m. on October 15, 2026. To qualify for the 2026/27 tax year, completed applications and cleared funds must be received by 9:00 a.m. on March 29, 2027. If the offer is not fully subscribed by that date, the board of directors may keep it open into the 2027/28 tax year.