British Smaller Companies VCT2 Plc Payment of Interim Dividend and Share Allotment (8048K)
26 September 2016 - 7:30PM
UK Regulatory
TIDMBSC
RNS Number : 8048K
British Smaller Companies VCT2 Plc
26 September 2016
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 26 September 2016 it paid an
interim dividend of 2.0 pence per ordinary share to shareholders on
the register of members of the Company as at the record date of 26
August 2016 ("Interim Dividend").
The Company further announces that on 26 September 2016 it
issued and allotted 682,526 ordinary shares of 10 pence each
pursuant to its dividend re-investment scheme ("DRIS") at a price
of 56.05 pence per share to shareholders of the Company who elected
to receive shares instead of the Interim Dividend. The subscription
price of 56.05 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 61.0 pence per ordinary share as at 30
June 2016 (adjusted for the Interim Dividend of 2.0 pence per share
to be paid today) less 5%. As a result, 20% of the Interim Dividend
paid by the Company, was re-invested in shares in the Company via
the DRIS.
Under this allotment the employees of the investment adviser,
YFM Private Equity Limited, have been allotted 797 ordinary shares
of 10 pence each in the Company bringing their aggregate total
shareholding to 174,870 ordinary shares of 10 pence each in the
Company representing 0.18% 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 10
October 2016.
Following such issue and allotment the Company's issued share
capital consists of 94,152,527 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 2,367,533 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
Gillian Martin Nplus1 Singer Advisory LLP Tel: 020 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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