Issue of Equity

RNS Number : 0127G

British Smaller Companies VCT PLC

05 May 2011

 



British Smaller Companies VCT plc

Allotment of Shares

British Smaller Companies VCT plc (the "Company") announces that on 4 May 2011 it allotted 383,134 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 128 pence per Ordinary Share in respect of valid subscriptions received for the tax year 2011/2012 pursuant to the joint offers for subscription made by the Company and British Smaller Companies VCT2 plc ("BSC2") of up to 8,780,488 Ordinary Shares in the Company and of up to 12,811,388 Ordinary Shares in BSC2 ("Offers for Subscription"). 

In total the Company raised net proceeds of £4.02 million under the Offers for Subscription, which are now closed.

Application is now being made for the Ordinary Shares which were allotted on 4 May 2011 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 11 May 2011.

Following the allotment of the Ordinary Shares on 4 May 2011 the Company's issued share capital consists of 35,721,809 Ordinary Shares with voting rights ("Voting Capital") and 2,161,285 shares 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 FSA's Disclosure and Transparency Rules.

For further information, please contact:

David Hall          YFM Private Equity Limited         Tel:  [phone]

Jeff Keating       Singer Capital Markets                Tel: [phone]

 

END

 

 

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