British Smaller Companies VCT2 Plc Payment of dividend and allotment of shares (3199C)
28 September 2018 - 6:54PM
UK Regulatory
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RNS Number : 3199C
British Smaller Companies VCT2 Plc
28 September 2018
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 28 September 2018 it paid an
interim 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
August 2018 ("Interim Dividend").
The Company further announces that on 28 September 2018 it
issued and allotted 658,086 ordinary shares of 10 pence each
pursuant to its dividend re-investment scheme ("DRIS") at a price
of 54.44 pence per ordinary share to shareholders of the Company
who elected to receive ordinary shares instead of the Interim
Dividend. The subscription price of 54.44 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 58.8
pence per ordinary share as at 30 June 2018 (adjusted for the
Interim Dividend of 1.5 pence per ordinary share paid today) less 5
per cent. As a result, 22.2 per cent of the Interim Dividend paid
by the Company, was re-invested in ordinary shares in the Company
via the DRIS.
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 12
October 2018.
Following such issue and allotment the Company's issued share
capital consists of 107,511,878 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 5,665,503 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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