Transaction in Own Shares

RNS Number : 0154B

British Smaller Companies VCT PLC

28 September 2022

 

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Net Asset Value

The Company announces that on 27 September 2022 it purchased 702,214 ordinary shares of 10 pence each at a price of 79.16 pence per ordinary share including transaction costs. The shares purchased represent 0.4 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 2022 was 86.8 pence per ordinary share. The Company paid an interim dividend of 2.0 pence per ordinary share on 12 July 2022 and has declared a second interim dividend of 2.0 pence per ordinary share which will be paid on 3 October 2022 to shareholders on the register as at 2 September 2022. The ex-dividend date is 1 September 2022. Consequently, the adjusted last reported net asset value of the ordinary shares of 10 pence each is 82.8 pence per ordinary share.

The Company's issued share capital now consists of 186,112,757 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 20,011,925 ordinary shares of 10 pence each in treasury.

The above figure of 186,112,757 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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