Blackfinch Spring VCT plc has launched a subscription offer for ordinary shares, targeting a maximum raise of £20 million. An over-allotment facility may add a further £20 million to the offer.
The share offer opened on September 8, 2026, and will close no later than 3:00 PM on August 23, 2027, although the board retains the discretion to terminate it earlier.
Blackfinch Investments Limited (BIL), classified as a related party under UK Listing Rules, will act as investment manager and procuring subscriber. BIL is entitled to a fee of up to 5.5% of gross funds raised under the offer, plus £10,000 and 0.12% of subscription monies for its role as receiving agent. Howard Kennedy Corporate Services LLP served as sponsor to the board, providing advice on the transaction.
The company said its unaudited net asset value per ordinary share as of August 7, 2026 — adjusted solely for the interim dividend paid that day — stood at 86.16p. A dividend of 2.2p per ordinary share was paid on August 7, 2026.
The prospectus is available for inspection at the National Storage Mechanism and on the company’s website.
