Last checked at 
28 Sep 2015 10:18
British Smaller Companies VCT2 plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 28 September 2015 it paid an interim dividend of 2.0 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 28 August 2015 ("Interim Dividend").
The Company further announces that on 28 September 2015 it issued and allotted 581,009 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 57.48 pence per share to shareholders of the Company who elected to receive shares instead of the Interim Dividend. The subscription price of 57.48 pence per share was determined in accordance with the terms and conditions of the DRIS on the basis of the last reported Net Asset Value of 62.5 pence per ordinary share as at 30 June 2015 (adjusted for the Interim Dividend of 2.0 pence per share to be paid today) less 5%. As a result 19% of the Interim Dividend paid by the Company, was re-invested in shares in the Company via the DRIS.
Under this allotment the employees of the investment adviser, YFM Private Equity Limited, have been allotted 1,952 ordinary shares of 10 pence each in the Company bringing their aggregate total shareholding to 172,542 ordinary shares of 10 pence each in the Company representing 0.2% of the current issued ordinary shares of the Company.
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 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 12 October 2015.
Following such issue and allotment the Company's issued share capital consists of 87,262,575 ordinary shares of 10 pence each with voting rights ("Voting Capital") and 2,128,003 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
James Maxwell Nplus1 Singer Advisory LLP Tel: 020 7496 3000