British Smaller Companies VCT2 Plc Payment of interim dividend and issue of shares (2141Q)
February 15 2019 - 4:56AM
UK Regulatory
TIDMBSC
RNS Number : 2141Q
British Smaller Companies VCT2 Plc
15 February 2019
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 15 February 2019 it paid an
interim dividend of 5.0 pence per ordinary share to shareholders on
the register of members of the Company as at the record date of 18
January 2019 ("Interim Dividend").
The Company further announces that on 15 February 2019 it issued
and allotted 2,248,386 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 50.45
pence per ordinary share to shareholders of the Company who elected
to receive ordinary shares instead of the Interim Dividend. The
subscription price of 50.45 pence per ordinary share was determined
in accordance with the terms and conditions of the DRIS on the
basis of the last reported net asset value of 58.1 pence per
ordinary share as at 30 September 2018 (adjusted for the Interim
Dividend of 5.0 pence per ordinary share paid today) less 5 per
cent. As a result, 21.2 per cent of the Interim Dividend paid by
the Company, was re-invested in ordinary shares in the Company via
the DRIS.
Under this allotment the employees and members of the fund
manager, YFM Private Equity Limited, have been allotted 86 ordinary
shares of 10 pence each in the Company bringing their aggregate
total holding to 99,677 ordinary shares.
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 1
March 2019.
Following such issue and allotment the Company's issued share
capital consists of 109,267,206 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 6,158,561 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
Jonathan Becher Panmure Gordon (UK) Limited Tel: 0207 866 2715
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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