British
Smaller Companies VCT2 plc (the "Company")
Payment of
Dividend and Allotment of Shares
The Company announces that on 1
November 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 4
October 2024 (the "Dividend").
The Company further announces that on
1 November 2024 it issued and allotted 1,251,293 ordinary shares of
10 pence each pursuant to its dividend re-investment scheme
("DRIS") at a price of 56.00 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares
instead of the Dividend. The subscription price of 56.00
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 57.50 pence per
ordinary share as at 30 June 2024 (adjusted for the Dividend of 1.5
pence per ordinary share paid today). As a result, 16.6 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 5,272 ordinary shares of 10 pence each in the Company,
bringing their aggregate total holding to 827,870 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 15 November 2024.
Following such issue and allotment the
Company's issued share capital consists of 283,228,949 ordinary
shares of 10 pence each with voting rights ("Voting Capital") and
26,573,146 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:
Marcus
Karia
YFM Equity
Partners
Tel: 0113 244 1000
Alex Collins
Panmure
Liberum
Tel: 0207 886 2767