Source - RNS
RNS Number : 5610O
British Smaller Companies VCT PLC
18 May 2018

British Smaller Companies VCT plc (the "Company")


Payment of Interim Dividend and Allotment of Shares


The Company announces that on 18 May 2018 it paid an Interim Dividend ("Interim Dividend") for the year ending 31 March 2019 of 4.0 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 20 April 2018.


The Company further announces that on 18 May 2018 it issued and allotted 1,751,747 ordinary shares of 10 pence each ("Ordinary Shares") pursuant to its dividend re-investment scheme ("DRIS") at a price of 70.68 pence per ordinary share to shareholders of the Company who elected to receive shares instead of the Interim Dividend.


The subscription price of 70.68 pence per ordinary share was determined in accordance with the terms and conditions of the DRIS on the basis of the last reported Net Asset Value of 78.4 pence per ordinary share as at 31 December 2017 (adjusted for the Interim Dividend of 4.0 pence per ordinary share paid today) less 5%.  Of the Interim Dividend paid by the Company 29% was re-invested in shares in the Company via the DRIS.


Application is now being made for the Ordinary Shares which were issued and allotted on 18 May 2018 to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities, and dealings are expected to commence on or around 4 June 2018.


Following such issue and allotment the Company's issued share capital consists of 109,941,911 Ordinary Shares with voting rights ("Voting Capital").  In addition, the Company holds 5,225,018 shares 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

Jonathan Becher         Panmure Gordon (UK) Limited            Tel:  0207 866 2715


This information is provided by RNS
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