Transaction in Own Shares

RNS Number : 8988V

British Smaller Companies VCT2 Plc

16 December 2021

 

British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Net Asset Value

The Company announces that on 15 December 2021 it purchased 653,231 ordinary shares of 10 pence each at a price of 57.69 pence per ordinary share including transaction costs. The shares purchased represent 0.46 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 30 September 2021 was 66.7 pence per ordinary share. The Company paid a second interim dividend of 1.5 pence per ordinary share on 25 October 2021 and a third interim dividend of 5.0 pence per ordinary share on 16 November 2021. Consequently, the net asset value of the ordinary shares of 10 pence each at 15 December 2021 is 60.2 pence per ordinary share.

The Company's issued share capital now consists of 142,155,199 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 15,929,774 ordinary shares of 10 pence each in treasury.

The above figure of 142,155,199 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.

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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