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Pin to quick picksBr.smaller Cos. Regulatory News (BSV)

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British Smaller Companies VCT is an Investment Trust

To maximise Total Return and provide investors with an attractive long-term tax-free dividend yield while maintaining the Company's status as a venture capital trust.

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Purchase of Own Securities and Total Voting Rights

14 Aug 2015 11:06

RNS Number : 1006W
British Smaller Companies VCT PLC
14 August 2015
 



British Smaller Companies VCT plc ("the Company")

 

Purchase of Own Securities and Total Voting Rights

 

The Company announces that on 14 August 2015 it purchased 281,101 ordinary shares of 10 pence each at a price of 86.83 pence per share. These shares will be held in treasury.

 

The last reported net asset value as at 30 June 2015 was 103.2 pence per share after which there was a final dividend payment of 3.5 pence per ordinary share and a special dividend declared of 3.5 pence per ordinary share resulting in an ex-dividend net asset value of 96.2 pence per share. The buy back price is at a 9.75% discount to this.

 

If these shares had been purchased prior to the quarter ended 30 June 2015, the net asset value per ordinary share of the Company at that date would have been unaltered at 103.2 pence per ordinary share.

 

The Company's issued share capital following the buy back consists of 90,682,714 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 3,506,434 ordinary shares of 10 pence in treasury.

 

The above figure of 90,682,714 ordinary shares 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.

 

14 August 2015

 

For further information, please contact:

 

David Hall YFM Private Equity Limited Tel: 0113 244 1000

 

James Maxwell Nplus1 Singer Advisory LLP Tel: 0207 496 3000

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
POSPIMMTMBMBBIA
Date   Source Headline
18th Dec 20064:00 pmRNSOffer Update
5th Oct 200612:03 pmRNSInterim Results
2nd Aug 200612:50 pmRNSAGM Statement and NAV
25th May 20062:56 pmRNSPurchase of Own Shares
4th Apr 20064:47 pmRNSAllottment of shares
31st Mar 20064:29 pmRNSOffer fully subscribed
22nd Mar 20065:22 pmRNSIssue of Equity
21st Feb 20064:28 pmRNS3rd Quarter Net Asset Values
21st Feb 20064:26 pmRNSIssue of Equity
20th Feb 20062:20 pmRNSIssue of Equity
20th Feb 20061:24 pmRNSIssue of Equity
14th Feb 20062:20 pmRNSTransaction in Own Shares
10th Nov 20053:26 pmRNSDividend Payment Date
29th Sep 20051:12 pmRNSTransaction in Own Shares
24th Aug 20053:33 pmRNSIssue of Equity
16th Aug 20055:51 pmRNSPurchase of Own Shares
16th Aug 200510:17 amRNSPurchase of Own Shares
28th Jul 20059:13 amRNSAGM Statement
28th Jun 20053:28 pmRNSPurchase of Own Shares
23rd Jun 20054:20 pmRNSAllotment of C Shares
8th Jun 200510:49 amRNSPreliminary Results
1st Jun 20051:15 pmRNSAllotment of C Shares
4th May 200510:22 amRNSDirectorate Change
6th Apr 20052:18 pmRNSAllotment of C Shares
23rd Mar 200510:09 amRNSTransaction in Own Shares
8th Mar 20055:27 pmRNSIssue of Equity
16th Feb 20059:39 amRNSPurchase of own securities
8th Feb 200510:54 amRNSAllotment of C Shares
1st Feb 20058:51 amRNS3rd Quarter Results
12th Jan 200512:59 pmRNSResult of EGM

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