British Smaller Companies VCT Plc

2021/22 Fundraising – Now Closed

Fundraising Overview Fundraising progress Offer Documents Enquiries

Fundraising Overview

Shares were allotted on Friday 7th January 2021. An email was sent out on the 7th December 2021 confirming the allotment date. If you have not received this email please check your spam.

The Companies launched offers for subscription (the “Offers”) on 22 September 2021 seeking to raise £60 million in aggregate for the 2021/22 tax year.

As a result of the strong level of demand the Companies have now received applications to the maximum level permitted and, as a consequence, the Offers are now closed to new applications. It is intended that the first and final allotment for the 2021/22 tax year will take place on or around 7 January 2022 with certificates issued within 10 working days thereafter.

The Companies have issued a prospectus relating to the Offers (the “Prospectus”).

The Prospectus is available from the link below.

Closing Date: 12th November 2021

Allotment Date: 7th January 2022

Fundraising progress

Funds raised

£60.0m - amount raised

£0.0m - amount remaining

These figures are correct as at Friday 12th November 2021

Offer Documents

Please click on the links below to download all the relevant documents for the 2021-22 BSC VCTs fundraising.

Supplementary Prospectus Close of Offers to New Applications Investor Guide Prospectus

Enquiries

General Enquires

For general enquires about the BSC VCTs offer, please contact Tracey Nice via [email protected] or 07500 330 986.

Current Applications

For an enquiry about an application already submitted, you should contact the Receiving Agent, City Partnership, at [email protected] or call 01484 240 910 (lines are open from 09.00 to 17.30, Monday to Friday, excluding public holidays).

Income Tax Relief Certificates

Income tax relief certificates will be issued by email to each Shareholder by the Receiving Agent, City Partnership, within two Business Days of the allotment (or a hard copy certificate will be posted within ten Business Days if an Applicant has not provided an email address).

Share Certificates

Share certificates will be issued by post by the Registrar within ten Business Days of each allotment (or CREST accounts credited within ten Business Days for a Shareholder who has their New Shares credited to CREST). Therefore, Shareholders should expect to receive share certificates for their New Shares within 14 Business Days following an allotment.

Registered Office of British Smaller Companies VCT plc: 5th Floor Valiant Building, 14 South Parade, Leeds LS1 5QS. Registered No: 03134749. Corporate Governance: A full section on corporate governance is available in the latest BSC Annual Report which can be found in the Investor Information section of this website.

Terms and conditions of use

Before entering the website please read the important information below and confirm that you have read and understood to this by clicking on the “I agree” button at the bottom of the page.

The investments referred to on this website may not be suitable for all investors. YFM Private Equity Limited and its subsidiary companies (‘YFM’) are not able to provide advice on the suitability of any investment for an investor in any of the funds which we advise or manage. Nothing on this website should be construed as investment or tax advice. Potential investors are recommended to seek specialist independent tax and financial advice before investing in any fund advised or managed by YFM.

It is not intended that anything stated in this website should be construed as an invitation to treat or an offer for you to engage in any investment activity. An investment into any of the funds advised or managed by YFM may only be made on the basis of the information set out in the respective prospectus or investor guide.

Past performance of any fund advised or managed by YFM is no guide to future performance and may not be repeated. The value of investments and the income derived from them may go down as well as up and you may not get back the full amount invested. Tax rules and regulations can change over time and any benefit will also depend on individual circumstances, on Investors retaining their investments for the relevant period and on the companies invested in retaining their qualifying status.

The information on this website is directed at United Kingdom residents only and funds referred to on this website will not be offered to non-residents.

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Venture Capital Trusts
Investors must retain their VCT shares for five years to retain the up-front income tax relief. Please remember that the tax rules and regulations governing VCTs are subject to change. The tax reliefs available to certain investors in VCTs are dependent on individual circumstances as well as the VCT maintaining HM Revenue & Customs approval. If this approval is withdrawn, a VCT will lose its status and all tax reliefs are likely to be cancelled.

The share price of a VCT may not reflect its net asset value. There is only a limited secondary market for shares in VCTs which may render such shares difficult to sell as they may not be readily marketable. VCTs invest in unquoted and AIM-quoted companies which are therefore smaller and carry a higher level of risk than shares which are listed on the main market of the London Stock Exchange. The shares of VCT investee companies may not be readily marketable. Before making an investment, ensure that you have read and understood the risk warnings set out in the VCT prospectus. An investment in a VCT should be regarded as a long-term investment. Please read our Risks section for more details on the risks involved in investing in our VCTs.

The contents of this website have been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 by YFM Private Equity Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number 122120.

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