Authorisation of Share buy Back Policy (6734L)
August 03 2011 - 8:36AM
UK Regulatory
TIDMBSC
RNS Number : 6734L
British Smaller Companies VCT2 Plc
03 August 2011
British Smaller Companies VCT2 plc
Notice of General Meeting
British Smaller Companies VCT2 plc ("the Company") announces
that a circular will be posted to shareholders today convening a
general meeting of the Company, which is to be held at Berkeley
Square House, Berkeley Square, Mayfair, London, W1J 6BD at 2.00pm
on 30 August 2011 ("Circular").
The meeting will consider a resolution to authorise the Company
to make market purchases of its own shares ("Resolution"). The full
text of the Resolution is set out in the notice of the general
meeting contained in the Circular.
The authority to make market purchases of the Company's ordinary
shares was recently sought at the 2011 Annual General Meeting and
although a majority of shareholders voting, including those voting
by proxy, had indicated their support for the proposal, a
significant minority were opposed. With this in mind the Board
withdrew the resolution prior to the Annual General Meeting to
allow further time to consult with shareholders.
The Board recommends that shareholders of the Company vote in
favour of the Resolution as they intend to do so in respect of
their own beneficial shareholdings.
In accordance with the Company's obligations under Listing Rule
9.6.1,a copy of the Circular is being submitted to the National
Storage Mechanism and will shortly be available for viewing at
www.hemscott.com/nsm.do. Copies of the Circular can also be
obtained from the website of the Company's fund manager at
www.yfmep.com.
For further information, please contact:
David Bell YFM Private Equity Limited Tel: 0207 887 7522
Jeff Keating Singer Capital Markets Tel: 0203 205 7500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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