British Smaller Companies VCT2 Plc Issue of Equity (7299U)
April 01 2019 - 10:51AM
UK Regulatory
TIDMBSC
RNS Number : 7299U
British Smaller Companies VCT2 Plc
01 April 2019
British Smaller Companies VCT2 plc
Issue of Equity
British Smaller Companies VCT2 plc (the "Company") announces
that on 1 April 2019 it issued and allotted 370,215 ordinary shares
(the "Shares") at offer prices of between 56.308 pence and 57.433
pence per share depending on the adviser charge (if applicable) and
the number of shares issued pertaining to each application. These
shares were issued and allotted on the same terms and conditions
relating to the offers for subscription ("Offers") launched by the
Company and British Smaller Companies VCT plc pursuant to a
prospectus dated 27 November 2018 but which, on account of the
Offers being full, were issued and allotted outside of the
Offers.
The net asset value ("NAV") used for the calculation of the
issue price on 1 April 2019 is the last reported NAV of 54.9 pence
per ordinary share, being the NAV as at 31 December 2018 of 59.9
pence per ordinary share, adjusted for the interim dividend of 5.0
pence per ordinary share paid on 15 February 2019.
Applications are now being made by the Company for the Shares 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 15 April 2019.
Following the allotment of the Shares, the Company's issued
share capital consists of 131,664,689 ordinary shares with voting
rights ("Voting Capital") and 6,966,757 shares 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.
1 April 2019
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Jonathan Becher Panmure Gordon (UK) Limited Tel: 0207 886 2715
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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