REG - British Smaller Co's - Payment of dividend and issue of equity

British Smaller Companies VCTAnnouncement

20/12/2024 09:30

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RNS Number : 9289Q  British Smaller Companies VCT PLC  20 December 2024

British Smaller Companies VCT plc (the "Company")

Payment of Dividend and Allotment of Shares

The Company announces that on 20 December 2024 it paid an interim dividend for
the year ending 31 March 2025 of 2.0 pence per ordinary share to shareholders
on the register of members of the Company as at the record date of 22 November
2024 (the "Dividend").

The Company further announces that on 20 December 2024 it issued and allotted
1,364,849 ordinary shares of 10 pence each pursuant to its dividend
re-investment scheme ("DRIS") at a price of 79.8 pence per ordinary share to
shareholders of the Company who elected to receive ordinary shares instead of
the Dividend. The subscription price of 79.8 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 81.8 pence per ordinary share as at 30
September 2024 (adjusted for the Dividend of 2.0 pence per ordinary share paid
today).  As a result, 18.0 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 4,413 ordinary shares of 10 pence each in the
Company, bringing their aggregate total holding to 1,039,635 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 8 January 2025.

Following such issue and allotment the Company's issued share capital consists
of 301,302,716 ordinary shares of 10 pence each with voting rights ("Voting
Capital") and 32,317,862 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

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