British Smaller Companies VCT2 Plc Issue of Equity (4872P)
June 08 2015 - 5:08AM
UK Regulatory
TIDMBSC
RNS Number : 4872P
British Smaller Companies VCT2 Plc
08 June 2015
British Smaller Companies VCT2 plc (the "Company")
Payment of Final Dividend and Allotment of Shares
The Company announces that on 8 June 2015 it paid a final
dividend ("Final Dividend") of 2.5 pence per ordinary share to
shareholders on the register of members of the Company as at the
record date of 8 May 2015.
The Company further announces that on 8 June 2015 it issued and
allotted 677,522 ordinary shares of 10 pence each pursuant to its
dividend re-investment scheme ("DRIS") at a price of 58.71 pence
per share to shareholders of the Company who elected to receive
shares instead of the Final Dividend. The subscription price of
58.71 pence per share was determined in accordance with the terms
and conditions of the DRIS on the basis of the last reported Net
Asset Value of 64.3 pence per ordinary share as at 31 March 2015
(adjusted for the final dividend of 2.5 pence per share paid on 8
June 2015) less 5%. As a result 18.5% of the Final Dividend paid by
the Company, was re-invested in shares in the Company via the
DRIS.
Under this allotment the employees of the investment adviser,
YFM Private Equity Limited, have been allotted 2,291 ordinary
shares of 10 pence each in the Company bringing their aggregate
total shareholding to 170,590 ordinary shares of 10 pence each in
the Company representing 0.2% of the current issued ordinary shares
of the Company.
Application is now being made for the ordinary shares which were
issued and allotted as set out above to be admitted to the premium
segment of the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's Main Market for listed
securities, and dealings are expected to commence on or around 22
June 2015.
Following such issue and allotment the Company's issued share
capital consists of 86,795,702 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 2,013,867 ordinary shares
of 10 pence each held in treasury.
The above statement of Voting Capital may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
James Maxwell Nplus1 Singer Advisory LLP Tel: 020 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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