REG - British Smaller Co's British Smlr Comp 2 - Statement re NAV and Proposed Fundraising

British Smaller Companies VCTAnnouncement

20/08/2024 07:00

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RNS Number : 9994A  British Smaller Companies VCT PLC  20 August 2024

British Smaller Companies VCT plc ("the Company")

 

Statement re Net Asset Value and Proposed Fundraising

 

 

The Company announces that as at 30 June 2024 the unaudited net asset value of
its ordinary shares was 83.50 pence per ordinary share. An interim management
statement for the quarter ended 30 June 2024 will be published in due course.

 

On 26 July 2024 an interim dividend of 2.0 pence per ordinary share was paid
in respect of the year ending 31 March 2025, resulting in a corresponding
reduction in the Company's net asset value per share.

 

New combined offer for subscription (the "Offer")

The Company and British Smaller Companies VCT2 plc are pleased to announce
their intention to launch a new combined Offer for subscription for the
2024-25 tax year later this year.

 

A prospectus with full details of the proposed Offer will be published in due
course.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU No. 596/2014). Upon the publication of this announcement via Regulatory
Information Service this inside information is now considered to be in the
public domain.

 

20 August 2024

 

For further information, please contact:

 

                Eamon Nolan     YFM Equity Partners
                     Tel: 0113 244 1000

               Alex Collins         Panmure
Liberum                           Tel: 0207 886 2767

 

 

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