Purchase of Own Securities and Total Voting Rights

RNS Number : 0097B

British Smaller Companies VCT PLC

30 March 2017

 

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 29 March 2017 it purchased 125,000 ordinary shares of 10 pence each at a price of 78.50 pence per share. These shares will be held in treasury.

The last reported net asset value as at 31 December 2016 was 98.6 pence per share since when an interim dividend payment of 16.5 pence per ordinary share has been paid, resulting in an ex-dividend net asset value of 82.1 pence per ordinary share

If these shares had been purchased prior to the quarter ended 31 December 2016, the net asset value per ordinary share of the Company at that date would have been 98.6 pence per ordinary share.

The Company's issued share capital following the buy back consists of 106,959,497 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 4,047,999 ordinary shares of 10 pence in treasury.

The above figure of 106,959,497 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.

30 March 2017

For further information, please contact:

David Hall                                  YFM Private Equity Limited         Tel:  [phone]

Jonathan Becher                        Panmore Gordon (UK) Limited    Tel:  [phone]

 

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