Issue of Equity and New Artic

RNS Number : 7162L

British Smaller Companies VCT PLC

15 January 2009

 



BRITISH SMALLER COMPANIES VCT PLC

ALLOTMENT OF SHARES AND ADOPTION OF NEW ARTICLES OF ASSOCIATION

British Smaller Companies VCT plc ('the Company') announces that on 15 January 2009 it allotted 67,445 ordinary shares of 10 pence each ('Ordinary Shares') to shareholders of the Company at a price of 89.11 pence per share pursuant to its dividend reinvestment scheme.  

Following such allotment the Company's issued share capital consists of 30,819,892 Ordinary Shares and 1,050,955 shares held in Treasury. 

The above figure 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 FSA's Disclosure and Transparency Rules.  

The Company further announces that at the general meeting of the shareholders of the Company held on 15 January 2009 at 11.00 am, a special resolution to adopt new articles of association (primarily to take account of changes in English company law brought about by the Companies Act 2006) was passed as follows:

  'That the existing Articles of Association of the Company be deleted in their entirety and the new Articles of Association produced to the meeting and for the purposes of identification signed by the Chairman of the meeting be adopted in substitution for, and to the exclusion of, the existing Articles of Association of the Company.'

For further information, please contact:

David Hall                         YFM Private Equity Limited                        Tel: [phone]

David Hart                         Teathers                                                    Tel: [phone]

 

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