Last checked at 
3 Nov 2023 09:40
British Smaller Companies VCT2 plc (the "Company")
Payment of Dividend and Allotment of Shares
The Company announces that on 3 November 2023 it paid an interim dividend for the year ending 31 December 2023 of 1.5 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 6 October 2023 (the "Dividend").
The Company further announces that on 3 November 2023 it issued and allotted 1,114,927 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 56.45 pence per ordinary share to shareholders of the Company who elected to receive ordinary shares instead of the Dividend. The subscription price of 56.45 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 57.95 pence per ordinary share as at 30 June 2023 (adjusted for the Dividend of 1.5 pence per ordinary share paid today). As a result, 18.4 per cent of the Dividend paid by the Company was re-invested in ordinary shares in the Company via the DRIS.
In this allotment Barbara Anderson was allotted 12,907 ordinary shares of 10 pence each in the Company, which takes her aggregate total shareholding to 498,647 ordinary shares in the Company.
In this allotment the employees and members of the Manager, YFM Private Equity Limited, have been allotted 7,515 ordinary shares of 10 pence each in the Company, bringing their aggregate total holding to 674,575 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 17 November 2023.
Following such issue and allotment the Company's issued share capital consists of 229,692,510 ordinary shares of 10 pence each with voting rights ("Voting Capital") and 20,449,923 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