Transaction in Own Shares and PDMR

British Smaller Companies VCT PLC

26 September 2023

 

British Smaller Companies VCT plc ("the Company")

PDMR Dealing and Purchase of Own Securities

The Company announces that on 25 September 2023 it purchased 1,065,966 ordinary shares of 10 pence each at a price of 78.12 pence per ordinary share including transaction costs. The shares purchased represent 0.44 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 June 2023 was 83.7 pence per ordinary share. The Company paid an interim dividend of 2.0 pence per ordinary share on 28 July 2023 to shareholders on the register as at 30 June 2023. Consequently, the adjusted last reported net asset value of the ordinary shares of 10 pence each is 81.7 pence per ordinary share.

The Company's issued share capital now consists of 240,991,484 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 23,525,696 ordinary shares of 10 pence each in treasury.

The above figure of 240,991,484 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.

The Company also announces that it has received notice that on 25 September 2023 persons of close association to Rupert Cook, the Chair of the Company, sold 26,126 ordinary shares of 10 pence each at a price of 77.62 pence per ordinary share. Following this transaction, persons of close association to Rupert Cook no longer hold any ordinary shares in the Company. Rupert Cook's shareholding remains at 196,540 ordinary shares of 10p each.

For further information, please contact:

David Hall                                          YFM Private Equity Limited        Tel:  [phone]

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

Transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	PERSONS CLOSELY ASSOCIATED TO RUPERT COOK
2	Reason for the notification
a)	Position/status	DIRECTOR
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BRITISH SMALLER COMPANIES VCT PLC
b)	LEI	213800QXD4A9A3GGB469
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARES OF 10P each ISIN: GB0001403152
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.7762 13,063 £0.7762 13,063
d)	Aggregated information - Aggregated volume - Price	26,126 £0.7762
e)	Date of the transaction	25 September 2023
f)	Place of the transaction	LONDON Stock Exchange, Main Market (XLON)

 

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