British Smaller Companies VCT2 Plc Payment of dividend and issue of equity (3530S)
November 03 2023 - 5:40AM
UK Regulatory
TIDMBSC
RNS Number : 3530S
British Smaller Companies VCT2 Plc
03 November 2023
British Smaller Companies VCT2 plc (the "Company")
Payment of Dividend and Allotment of Shares
The Company announces that on 3 November 2023 it paid an interim
dividend for the year ending 31 December 2023 of 1.5 pence per
ordinary share to shareholders on the register of members of the
Company as at the record date of 6 October 2023 (the
"Dividend").
The Company further announces that on 3 November 2023 it issued
and allotted 1,114,927 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 56.45
pence per ordinary share to shareholders of the Company who elected
to receive ordinary shares instead of the Dividend. The
subscription price of 56.45 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 57.95 pence per ordinary share as
at 30 June 2023 (adjusted for the Dividend of 1.5 pence per
ordinary share paid today). As a result, 18.4 per cent of the
Dividend paid by the Company was re-invested in ordinary shares in
the Company via the DRIS.
In this allotment Barbara Anderson was allotted 12,907 ordinary
shares of 10 pence each in the Company, which takes her aggregate
total shareholding to 498,647 ordinary shares in the Company.
In this allotment the employees and members of the Manager, YFM
Private Equity Limited, have been allotted 7,515 ordinary shares of
10 pence each in the Company, bringing their aggregate total
holding to 674,575 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
November 2023.
Following such issue and allotment the Company's issued share
capital consists of 229,692,510 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 20,449,923 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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