British Smlr Comp 2 - Payment of Dividend and Issue of Equity

British Smaller Companies VCT2

03/10/2022 12:24

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RNS Number : 5815B  British Smaller Companies VCT2 Plc  03 October 2022

British Smaller Companies VCT2 plc (the "Company")

Payment of Interim Dividend and Allotment of Shares

The Company announces that on 3 October 2022 it paid a second interim dividend
for the year ending 31 December 2022 of 1.5 pence per ordinary share to
shareholders on the register of members of the Company as at the record date
of 2 September 2022 (the "Second Interim Dividend").

The Company further announces that on 3 October 2022 it issued and allotted
922,314 ordinary shares of 10 pence each pursuant to its dividend
re-investment scheme ("DRIS") at a price of 58.8 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares instead of
the Second Interim Dividend. The subscription price of 58.8 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 60.3 pence per ordinary share as at 30
June 2022 (adjusted for the Second Interim Dividend of 1.5 pence per ordinary
share paid today).  As a result, 20 per cent of the Second Interim 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 3,270 ordinary shares of 10 pence each in the
Company, bringing their aggregate total holding to 432,569 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 17 October 2022.

Following such issue and allotment the Company's issued share capital consists
of 182,086,652 ordinary shares of 10 pence each with voting rights ("Voting
Capital") and 18,048,870 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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