Last checked at 
3 Oct 2022 12:20
British Smaller Companies VCT plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 3 October 2022 it paid a second interim dividend for the year ending 31 March 2023 of 2.0 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 2 September 2022 (the "Second Interim Dividend").
The Company further announces that on 3 October 2022 it issued and allotted 1,054,908 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 82.8 pence per ordinary share to shareholders of the Company who elected to receive ordinary shares instead of the Second Interim Dividend. The subscription price of 82.8 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 86.8 pence per ordinary share as at 30 June 2022 (adjusted for the interim dividend of 2.0 pence per ordinary share paid on 12 July 2022 and the Second Interim Dividend of 2.0 pence per ordinary share paid today). As a result, 23 per cent of the Second Interim Dividend paid by the Company was re-invested in ordinary shares in the Company via the DRIS.
In this allotment persons of close association to Rupert Cook were allotted 570 ordinary shares of 10 pence each in the Company, which takes their aggregate total shareholding to 24,120 ordinary shares in the Company.
In this allotment the employees and members of the Manager, YFM Private Equity Limited, have been allotted 2,335 ordinary shares of 10 pence each in the Company, bringing their aggregate total holding to 386,152 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 October 2022.
Following such issue and allotment the Company's issued share capital consists of 187,167,665 ordinary shares of 10 pence each with voting rights ("Voting Capital") and 20,011,925 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