British Smaller Companies VCT PLC Payment of Interim Dividend and Issue of Shares (3826G)
May 26 2017 - 5:26AM
UK Regulatory
TIDMBSV
RNS Number : 3826G
British Smaller Companies VCT PLC
26 May 2017
British Smaller Companies VCT plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 26 May 2017 it paid an Interim
Dividend ("Interim Dividend") for the year ended 31 March 2018 of
5.75 pence per ordinary share to shareholders on the register of
members of the Company as at the record date of 5 May 2017.
The Company further announces that on 26 May 2017 it issued and
allotted 2,407,686 ordinary shares of 10 pence each ("Ordinary
Shares") pursuant to its dividend re-investment scheme ("DRIS") at
a price of 72.53 pence per ordinary share to shareholders of the
Company who elected to receive shares instead of the Interim
Dividend.
The subscription price of 72.53 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 98.6 pence per
ordinary share as at 31 December 2016 (adjusted for the interim
dividend of 16.5 pence per ordinary share paid on 18 January 2017
and the Interim Dividend of 5.75 pence per ordinary share paid
today) less 5%. Of the Interim Dividend paid by the Company 28% was
re-invested in shares in the Company via the DRIS.
As part of these allotments the staff and members of the
investment adviser, YFM Private Equity Limited and its ultimate
holding company have been allotted 7,875 Ordinary Shares bringing
their aggregate total shareholding to 322,732 Ordinary Shares
representing 0.3% of the current issued Ordinary Shares.
Application is now being made for the Ordinary Shares which were
issued and allotted on 26 May 2017 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 12
June 2017.
Following such issue and allotment the Company's issued share
capital consists of 109,367,183 Ordinary Shares with voting rights
("Voting Capital"). In addition, the Company holds 4,047,999 shares
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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