British Smaller Companies VCT2 Plc Payment of Dividend and Issue of Equity (1612Q)
October 25 2021 - 7:08AM
UK Regulatory
TIDMBSC
RNS Number : 1612Q
British Smaller Companies VCT2 Plc
25 October 2021
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 25 October 2021 it paid an interim
dividend of 1.5 pence per ordinary share for the year ending 31
December 2021 to shareholders on the register of members of the
Company as at the record date of 24 September 2021 ("Interim
Dividend").
The Company further announces that on 25 October 2021 it issued
and allotted 760,733 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 57.0 pence
per ordinary share to shareholders of the Company who elected to
receive ordinary shares instead of cash in respect of the Interim
Dividend. The subscription price of 57.0 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 57.0
pence per ordinary share as announced on 19 October 2021. As a
result, 20.7 per cent o f the Interim Dividend paid by the Company
was re-invested in ordinary shares in the Company via the DRIS.
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 Financial Conduct Authority and
to trading on the London Stock Exchange's Main Market for listed
securities, and dealings are expected to commence on or around 8
November 2021.
Following such issue and allotment the Company's issued share
capital consists of 140,316,474 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 15,276,543 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
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 866 2767
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END
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