Last checked at 
12 Jun 2019 10:25
British Smaller Companies VCT plc (the "Company")
Payment of Interim Dividend and Allotment of Shares
The Company announces that on 12 June 2019 it paid an interim dividend for the year ending 31 March 2020 of 4.0 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 10 May 2019 ("Interim Dividend").
The Company further announces that on 12 June 2019 it issued and allotted 2,397,364 ordinary shares of 10 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 66.6 pence per ordinary share to shareholders of the Company who elected to receive ordinary shares instead of the Interim Dividend. The subscription price of 66.6 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 81.1 pence per ordinary share as at 31 December 2018 (adjusted for the special dividend of 7.0 pence per share paid on 15 February 2019 and the Interim Dividend of 4.0 pence per ordinary share paid today) less 5 per cent. As a result, 29 per cent of the Interim Dividend paid by the Company, was re-invested in ordinary shares in the Company via the DRIS.
Under this allotment Rupert Cook, non-executive Director of the Company, has been allotted 2,045 ordinary shares of 10 pence each in the Company bringing his aggregate total holding to 36,110 ordinary shares.
Under this allotment the employees and members of the fund manager, YFM Private Equity Limited, have been allotted 202 ordinary shares of 10 pence each in the Company bringing their aggregate total holding to 299,098 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 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 26 June 2019.
Following such issue and allotment the Company's issued share capital consists of 141,524,864 ordinary shares of 10 pence each with voting rights ("Voting Capital") and 7,975,173 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
Robert Naylor Panmure Gordon (UK) Limited Tel: 0207 886 2768