British Smaller Companies VCT PLC Issue of Equity (0967B)
05 October 2020 - 7:53PM
UK Regulatory
TIDMBSV
RNS Number : 0967B
British Smaller Companies VCT PLC
05 October 2020
British Smaller Companies VCT plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 5 October 2020 it paid a second
interim dividend of 2.0 pence per ordinary share for the year
ending 31 March 2021 to shareholders on the register of members of
the Company as at the record date of 21 August 2020 ("Interim
Dividend").
The Company further announces that on 5 October 2020 it issued
and allotted 1,265,695 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 60.42
pence per ordinary share to shareholders of the Company who elected
to receive ordinary shares instead of the Interim Dividend. The
subscription price of 60.42 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 67.6 pence per
ordinary share as at 30 June 2020 (adjusted for the interim
dividend of 2.0 pence per ordinary share paid on 31 July 2020 and
the Interim Dividend of 2.0 pence per ordinary share paid today)
less 5 per cent. As a result 28 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 122
ordinary shares of 10 pence each in the Company bringing their
aggregate total holding to 195,540 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
October 2020.
Following such issue and allotment the Company's issued share
capital consists of 139,199,939 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 12,819,817 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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