British Smaller Companies VCT2 Plc Payment of Final Dividend and Allotment of Shares (6437X)
May 09 2016 - 4:53AM
UK Regulatory
TIDMBSC
RNS Number : 6437X
British Smaller Companies VCT2 Plc
09 May 2016
British Smaller Companies VCT2 plc (the "Company")
Payment of Final Dividend and Allotment of Shares
The Company announces that on 9 May 2016 it paid a 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 April
2016 ("Final Dividend").
The Company further announces that on 9 May 2016 it issued and
allotted 763,247 ordinary shares of 10 pence each pursuant to its
dividend re-investment scheme ("DRIS") at a price of 58.05 pence
per share to shareholders of the Company who elected to receive
shares instead of the Final Dividend. The subscription price of
58.05 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 63.6 pence per ordinary share as at 31 March 2016
(adjusted for the Final Dividend of 2.5 pence per share to be paid
today) less 5%. As a result 19% of the Interim 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 1,531 ordinary
shares of 10 pence each in the Company bringing their aggregate
total shareholding to 174,073 ordinary shares of 10 pence each in
the Company representing 0.19% 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 23
May 2016.
Following such issue and allotment the Company's issued share
capital consists of 93,572,221 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 2,265,313 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
Gillian Martin 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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