British Smaller Companies VCT PLC Payment of Dividend and Issue of Equity (1855W)
08 Diciembre 2023 - 3:47AM
UK Regulatory
TIDMBSV
RNS Number : 1855W
British Smaller Companies VCT PLC
08 December 2023
British Smaller Companies VCT plc (the "Company")
Payment of Dividend and Allotment of Shares
The Company announces that on 8 December 2023 it paid a second
interim dividend for the year ending 31 March 2024 of 2.0 pence per
ordinary share to shareholders on the register of members of the
Company as at the record date of 10 November 2023 (the
"Dividend").
The Company further announces that on 8 December 2023 it issued
and allotted 1,220,008 ordinary shares of 10 pence each pursuant to
its dividend re-investment scheme ("DRIS") at a price of 80.4 pence
per ordinary share to shareholders of the Company who elected to
receive ordinary shares instead of the Dividend. The subscription
price of 80.4 pence per ordinary share was determined in accordance
with the terms and conditions of the DRIS on the basis of the net
asset value of 82.4 pence per ordinary share as at 30 September
2023 (adjusted for the Dividend of 2.0 pence per ordinary share
paid today). As a result, 20.4 per cent of the Dividend paid by the
Company was re-invested in ordinary shares in the Company via the
DRIS.
In this allotment the employees and members of the Manager, YFM
Private Equity Limited, have been allotted 4,938 ordinary shares of
10 pence each in the Company, bringing their aggregate total
holding to 686,552 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 20
December 2023.
Following such issue and allotment the Company's issued share
capital consists of 242,211,492 ordinary shares of 10 pence each
with voting rights ("Voting Capital") and 23,525,696 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 886 2767
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END
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