British Smaller Companies VCT2 Plc Payment of Dividend and Issue of Equity (5815B)
October 03 2022 - 7:24AM
UK Regulatory
TIDMBSC
RNS Number : 5815B
British Smaller Companies VCT2 Plc
03 October 2022
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 3 October 2022 it paid a second
interim dividend for the year ending 31 December 2022 of 1.5 pence
per ordinary share to shareholders on the register of members of
the Company as at the record date of 2 September 2022 (the "Second
Interim Dividend").
The Company further announces that on 3 October 2022 it issued
and allotted 922,314 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 58.8 pence
per ordinary share to shareholders of the Company who elected to
receive ordinary shares instead of the Second Interim Dividend. The
subscription price of 58.8 pence per ordinary share was determined
in accordance with the terms and conditions of the DRIS on the
basis of the net asset value of 60.3 pence per ordinary share as at
30 June 2022 (adjusted for the Second Interim Dividend of 1.5 pence
per ordinary share paid today). As a result, 20 per cent of the
Second Interim Dividend paid by the Company was re-invested in
ordinary shares in the Company via the DRIS.
In this allotment the employees and members of the Manager, YFM
Private Equity Limited, have been allotted 3,270 ordinary shares of
10 pence each in the Company, bringing their aggregate total
holding to 432,569 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 17
October 2022.
Following such issue and allotment the Company's issued share
capital consists of 182,086,652 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 18,048,870 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 886 2767
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END
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