British Smaller Companies VCT2 Plc Payment of dividend and allotment of shares (5309S)
November 16 2021 - 5:06AM
UK Regulatory
TIDMBSC
RNS Number : 5309S
British Smaller Companies VCT2 Plc
16 November 2021
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 16 November 2021 it paid an
interim dividend of 5.0 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 15 October 2021 ("Third
Interim Dividend").
The Company further announces that on 16 November 2021 it issued
and allotted 2,491,956 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 Third
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 per cent o f the Third 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 30
November 2021.
Following such issue and allotment the Company's issued share
capital consists of 142,808,430 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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