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

British Smaller Companies VCTAnnouncement

08/12/2023 10:00

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RNS Number : 1855W  British Smaller Companies VCT PLC  08 December 2023

British Smaller Companies VCT plc (the "Company")

Payment of Dividend and Allotment of Shares

The Company announces that on 8 December 2023 it paid a second interim
dividend for the year ending 31 March 2024 of 2.0 pence per ordinary share to
shareholders on the register of members of the Company as at the record date
of 10 November 2023 (the "Dividend").

The Company further announces that on 8 December 2023 it issued and allotted
1,220,008 ordinary shares of 10 pence each pursuant to its dividend
re-investment scheme ("DRIS") at a price of 80.4 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares instead of
the Dividend. The subscription price of 80.4 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 82.4 pence per ordinary share as at 30
September 2023 (adjusted for the Dividend of 2.0 pence per ordinary share paid
today).  As a result, 20.4 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 4,938 ordinary shares of 10 pence each in the
Company, bringing their aggregate total holding to 686,552 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 20 December 2023.

Following such issue and allotment the Company's issued share capital consists
of 242,211,492 ordinary shares of 10 pence each with voting rights ("Voting
Capital") and 23,525,696 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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