BNS Baronsmead 4

 
TIDMBNS 
 
Baronsmead VCT 4 plc 
 
 
Allotment of Shares and Closing of Offer 
 
On 22 January 2014 Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 
plc, and Baronsmead VCT 4 plc ("the Companies" and each a "Company") published 
a Prospectus in relation to offers for subscription for new ordinary shares of 
10p each in each of the Companies ("New Shares"), to raise in aggregate up to GBP 
40 million (before issue costs) (the "Offers" and each an "Offer").  The 
Company announced that its Offer had become fully subscribed on 24 February 
2014. 
 
The Company announces the allotment of New Shares has taken place today at an 
offer price of 98.80p per share ("Offer Price") pursuant to the Offer raising GBP 
10,000,000 (before issue costs). 
 
In accordance with the Prospectus, the Offer Price at which the New Shares have 
been allotted in the Company was calculated on the basis of the following 
formula: 
 
Latest published net asset value of an existing Share (adjusted as necessary 
for dividends declared but not yet paid) at the time of allotment divided by 
0.97 (to allow for issue costs of 3.0 per cent.) and rounded up to the nearest 
0.1p per Share. 
 
As a result, the Offer Price was calculated as follows: 
 
              Offer Price of New Shares allotted on 14 March 2014 
 
                                              Baronsmead VCT 4 plc 
                                             (pence per Share) 
 
Latest published NAV as at 28 February 2014   95.77 
 
Latest published NAV divided by 0.97          98.73 
 
Offer Price (rounding up to nearest 0.1p)     98.80 
 
 
The number of New Shares allotted and the total number of Shares in issue 
following the allotment are shown below: 
 
                               New Shares         Shares 
                               allotted           in issue following allotment (1) 
 
Baronsmead VCT 4 plc           10,120,954         83,338,143 
 
 
  1.     Includes 7,920,130 Ordinary Shares held in Treasury 
 
 
The New Shares rank pari passu in all respects with the existing Ordinary 
Shares. 
 
Application has been made to the UK Listing Authority for the New Shares to be 
admitted to the Premium Segment of the Official List and to the London Stock 
Exchange for such New Shares to be admitted to trading on its main market for 
listed securities.  It is expected that admission to the Official List will 
become effective and that dealings in the New Shares will commence on, or 
around, 19 March 2014. Definitive documents of title and income tax relief 
certificates are expected to be dispatched within ten business days of 
allotment. 
 
Following the allotment of the New Shares, the Offer closed. 
 
For further information, please contact: 
 
Michael Probin - VCT Investor Relations Director 
 
ISIS EP LLP 
 
Telephone: 020 7506 5796 
 
END 
 

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