Payment of Interim Dividend & Allotment of Shares

RNS Number : 5213B

British Smaller Companies VCT PLC

07 January 2015

 



British Smaller Companies VCT plc (the "Company")

Payment of Interim Dividend and Allotment of Shares

The Company announces that on 7 January 2015 it paid a gross dividend ("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 5 December 2014.

The Company further announces that on 7 January 2015 it issued and allotted 306,163 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("Dividend Re-investment Scheme") at a price of 92.245 pence per share to shareholders of the Company who elected to receive shares instead of the Interim Dividend.  Of the Interim Dividend paid by the Company, 22 per cent was as a result re-invested in shares in the Company via the Dividend Re-investment Scheme.

As part of this allotment, Edward Buchan, a non-executive director of the Company, was allotted 265 ordinary shares of 10 pence each in the Company.  This takes his total shareholding to 12,496 ordinary shares in the Company representing 0.02% of the issued ordinary shares of the Company.

As part of this allotment the employees of the fund manager, YFM Private Equity Limited, have been allotted 2,371 ordinary shares of 10 pence each in the Company bringing their aggregate total shareholding to 294,095 ordinary shares of 10 pence each in the Company representing 0.4% of the issued ordinary shares of the Company.

Application is now being made for the ordinary shares which were issued and allotted on 7 January 2015 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 17 January 2015.

Following such issue and allotment the Company's issued share capital consists of 72,813,589 ordinary shares with voting rights ("Voting Capital") and 3,006,322 shares held in Treasury before taking into account of the buyback of 123,000 shares that took place on 29 December 2014 but which will be contractually settled on 8 January 2015.

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:  [phone]

Gillian Martin               Nplus 1 Singer Advisory LLP              Tel:  [phone]

 

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