British Smaller Companies VCT2 Plc Payment of dividend and Issue of Equity (6040K)
May 06 2022 - 4:14AM
UK Regulatory
TIDMBSC
RNS Number : 6040K
British Smaller Companies VCT2 Plc
06 May 2022
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 6 May 2022 it paid an interim
dividend of 1.5 pence per ordinary share for the year ending 31
December 2022 to shareholders on the register of members of the
Company as at the record date of 1 April 2022 ("Interim
Dividend").
The Company further announces that on 6 May 2022 it issued and
allotted 903,714 ordinary shares of 10 pence each pursuant to its
dividend re-investment scheme ("DRIS") at a price of 60.0 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 60.0 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 61.5
pence per ordinary share as announced on 21 March 2022 (adjusted
for the Interim Dividend of 1.5 pence per ordinary share paid
today). As a result, 20 per cent o f 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 Investment
Manager, YFM Private Equity Limited, have been allotted 3,125
ordinary shares of 10 pence each in the Company bringing their
aggregate total holding to 429,299 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 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 20
May 2022.
Following such issue and allotment the Company's issued share
capital consists of 182,100,877 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 17,112,331 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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