TIDMBSC

RNS Number : 9913E

British Smaller Companies VCT2 Plc

12 May 2017

British Smaller Companies VCT2 plc (the "Company")

Payment of Final Dividend and Allotment of Shares

The Company announces that on 12 May 2017 it paid a final dividend of 1.5 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 31 March 2017 ("Final Dividend").

The Company further announces that on 12 May 2017 it issued and allotted 583,201 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 55.96 pence per share to shareholders of the Company who elected to receive shares instead of the Final Dividend. The subscription price of 55.96 pence per share was determined in accordance with the terms and conditions of the DRIS on the basis of the last reported Net Asset Value of 60.4 pence per ordinary share as at 31 March 2017 (adjusted for the Final Dividend of 1.5 pence per share to be paid today) less 5%. As a result, 22% of the Final Dividend paid by the Company, was re-invested in shares in the Company via the DRIS.

Under this allotment the staff and members of the investment adviser, YFM Private Equity Limited, have been allotted 426 ordinary shares of 10 pence each in the Company bringing their aggregate total shareholding to 115,034 ordinary shares of 10 pence each in the Company representing 0.11% of the current issued ordinary shares of the Company.

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 UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities, and dealings are expected to commence on or around 26 May 2017.

Following such issue and allotment the Company's issued share capital consists of 100,994,746 ordinary shares of 10 pence each with voting rights ("Voting Capital") and 2,895,746 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 
   Jonathan Becher            Panmure Gordon (UK) Limited                 Tel:  0207 866 2715

This information is provided by RNS

The company news service from the London Stock Exchange

END

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