Baronsmead's Aim VCT has closed over-subscribed, with the 12m C shares at 100p per share to be allot...
Baronsmead’s Aim VCT has closed over-subscribed, with the 12m C shares at 100p per share to be allotted before 5 April. This is the first sizeable VCT offer to be fully subscribed in the current year, according to the company. Peter Lawrence, chairman, said the latest offer had increased the total number of shareholders in the VCT to over 2,000. The recent Budget announcements on the 21 March 2007 regarding VCTs will not affect the Baronsmead vehicle as the revisions relate to new capital being raised after 6 April 2007.
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