REG - British Smaller Co's - Payment of Dividend and Issue of Equity

British Smaller Companies VCTAnnouncement

11/01/2023 10:00

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RNS Number : 3857M  British Smaller Companies VCT PLC  11 January 2023

British Smaller Companies VCT plc (the "Company")

Payment of Dividend and Allotment of Shares

The Company announces that on 11 January 2023 it paid a special dividend for
the year ending 31 March 2023 of 4.5 pence per ordinary share to shareholders
on the register of members of the Company as at the record date of 18 November
2022 (the "Special Dividend").

The Company further announces that on 11 January 2023 it issued and allotted
2,507,454 ordinary shares of 10 pence each pursuant to its dividend
re-investment scheme ("DRIS") at a price of 78.5 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares instead of
the Special Dividend. The subscription price of 78.5 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 85.0 pence per ordinary share as at 30
September 2022 (adjusted for the second interim dividend of 2.0 pence per
ordinary share paid on 3 October 2022 and the Special Dividend of 4.5 pence
per ordinary share paid today).  As a result, 23 per cent of the Special
Dividend paid by the Company was re-invested in ordinary shares in the Company
via the DRIS.

In this allotment persons of close association to Rupert Cook were allotted
1,382 ordinary shares of 10 pence each in the Company, which takes their
aggregate total shareholding to 25,502 ordinary shares in the Company.

In this allotment the employees and members of the Manager, YFM Private Equity
Limited, have been allotted 5,674 ordinary shares of 10 pence each in the
Company, bringing their aggregate total holding to 391,826 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 25 January 2023.

Following such issue and allotment the Company's issued share capital consists
of 188,899,879 ordinary shares of 10 pence each with voting rights ("Voting
Capital") and 20,787,165 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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