Pathway One VCT opens up for subscription

The Pathway One VCT, sponsored by Beaumont Cornish, is open for subscription and will look to invest in companies at the pre-IPO stage. The generalist smaller company venture capital trust is looking to raise £5m at 25p per share with a first closing date of 14 December 2001. The directors have reserved the right to extend the closing date of the offer and extend the offer for acceptance of applications for the tax year ending 5 April 2003. Investments are expected to range in size from £100,000 to £500,000 although investments outside this range may be contemplated if they meet the...