Net Asset Value

RNS Number : 7706H

British Smaller Companies VCT2 Plc

26 March 2020

 

British Smaller Companies VCT2 plc (the "Company")

Net Asset Value

The Company has been monitoring the ongoing disruption being caused by COVID-19 and, in particular, its current impact on portfolio companies.  In light of this, the Company announces that the unaudited net asset value per ordinary share as at 25 March 2020 was 48.1 pence (31 December 2019 (audited) 55.2 pence per ordinary share).   The Company will continue to monitor the performance of its portfolio companies, and will advise shareholders of any further significant movement in net asset value.

As previously reported, on 10 March 2020 the Company realised its investment in Business Collaborator Limited for £5.1 million, compared to a valuation of £3.5 million at 31 December 2019. The realised gain has been included in the unaudited net asset value announced today.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU Regulation 596/2014).

For further information please contact:

David Hall   YFM Private Equity Limited   Tel:  [phone]

Alex Collins    Panmure Gordon (UK) Limited  Tel:  [phone]

 

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