British Smaller Companies VCT2 Plc Net Asset Value (7706H)
27 March 2020 - 3:30AM
UK Regulatory
TIDMBSC
RNS Number : 7706H
British Smaller Companies VCT2 Plc
26 March 2020
British Smaller Companies VCT2 plc (the "Company")
Net Asset Value
The Company has been monitoring the ongoing disruption being
caused by COVID-19 and, in particular, its current impact on
portfolio companies. In light of this, the Company announces that
the unaudited net asset value per ordinary share as at 25 March
2020 was 48.1 pence (31 December 2019 (audited) 55.2 pence per
ordinary share). The Company will continue to monitor the
performance of its portfolio companies, and will advise
shareholders of any further significant movement in net asset
value.
As previously reported, on 10 March 2020 the Company realised
its investment in Business Collaborator Limited for GBP5.1 million,
compared to a valuation of GBP3.5 million at 31 December 2019. The
realised gain has been included in the unaudited net asset value
announced today.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulations (EU Regulation
596/2014).
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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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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