British Smaller Companies VCT2 Plc Payment of dividend and issue of equity (3210R)
March 05 2021 - 3:14AM
UK Regulatory
TIDMBSC
RNS Number : 3210R
British Smaller Companies VCT2 Plc
05 March 2021
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 5 March 2021 it paid an interim
dividend of 1.5 pence per ordinary share for the year ending 31
December 2021 to shareholders on the register of members of the
Company as at the record date of 5 February 2021 ("Interim
Dividend").
The Company further announces that on 5 March 2021 it issued and
allotted 742,805 ordinary shares of 10 pence each pursuant to its
dividend re-investment scheme ("DRIS") at a price of 53.5 pence per
ordinary share to shareholders of the Company who elected to
receive ordinary shares instead of the Interim Dividend. The
subscription price of 53.5 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 55.0 pence per
ordinary share as at 31 December 2020 (adjusted for the Interim
Dividend of 1.5 pence per ordinary share paid today). As a result
20.5 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 fund
manager, YFM Private Equity Limited, have been allotted 138
ordinary shares of 10 pence each in the Company bringing their
aggregate total holding to 85,420 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 19
March 2021.
Following such issue and allotment the Company's issued share
capital consists of 129,698,896 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 12,376,437 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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