British
Smaller Companies VCT2 plc (the "Company")
Payment of
Dividend and Allotment of Shares
The Company announces that on 28 June
2024 it paid an interim dividend for the year ending 31 December
2024 of 1.5 pence per ordinary share to shareholders on the
register of members of the Company as at the record date of 31 May
2024 (the "Dividend").
The Company further announces that on
28 June 2024 it issued and allotted 1,208,910 ordinary shares of 10
pence each pursuant to its dividend re-investment scheme ("DRIS")
at a price of 57.75 pence per ordinary share to shareholders of the
Company who elected to receive ordinary shares instead of the
Dividend. The subscription price of 57.75 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 59.25 pence per ordinary share as
at 31 March 2024 (adjusted for the Dividend of 1.5 pence per
ordinary share paid today). As a result, 16.4 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 6,195 ordinary shares of 10 pence each in the Company,
bringing their aggregate total holding to 822,598 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 12 July 2024.
Following such issue and allotment the
Company's issued share capital consists of 283,400,383 ordinary
shares of 10 pence each with voting rights ("Voting Capital") and
25,150,419 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:
Dan Perkins
YFM Private Equity Limited
Tel: 0113 244 1000
Alex
Collins
Panmure Gordon (UK)
Limited
Tel: 0207 886 2767