British
Smaller Companies VCT plc (the "Company")
Payment of
Dividend and Allotment of Shares
The Company announces that on 27
January 2025 it paid a special dividend for the year ending 31
March 2025 of 1.25 pence per ordinary share to shareholders on the
register of members of the Company as at the record date of 27
December 2024 (the "Special Dividend").
The Company further announces that on
27 January 2025 it issued and allotted 875,031 ordinary shares of
10 pence each pursuant to its dividend re-investment scheme
("DRIS") at a price of 78.55 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares
instead of the Special Dividend. The subscription price of
78.55 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 81.8 pence per ordinary share as at 30 September 2024 (adjusted for
the interim dividend of 2.0 pence per ordinary share paid on 20
December 2024 and the Special Dividend of 1.25 pence per ordinary
share paid today). As a result, 18.25 per cent of the Special
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 3,017 ordinary shares of 10 pence each in the Company,
bringing their aggregate total holding to 1,042,873 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 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 10 February 2025.
Following such issue and allotment the
Company's issued share capital consists of 302,177,747 ordinary
shares of 10 pence each with voting rights ("Voting Capital") and
32,317,862 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:
Marcus Karia
YFM Equity Partners
Tel: 0113 244 1000
Alex
Collins
Panmure
Liberum
Tel: 0207 886 2767