News Insights

British Smaller Companies VCT2 Plc has recently reported notable developments regarding director shareholding and an equity issuance. On January 30, 2025, the company disclosed a transaction by Roger McDowell, a member of the board, signifying a transaction on behalf of a Person Discharging Managerial Responsibilities (PDMR). This initial notification emphasizes the company's commitment to transparency and adherence to regulatory standards.

Additionally, the company announced the successful issuance of ordinary shares as part of its fundraising efforts, which commenced with the launch of subscription offers on October 17, 2024. The Offers aimed to raise a total of £50 million, supplemented by an over-allotment facility that was fully utilized, bringing the total to £25 million. The first allotment, completed on January 30, 2025, involved the issuance of 17,313,531 ordinary shares, generating gross proceeds of £9.8 million. This issuance aligns with the company’s strategic objectives for the 2024/25 tax year and showcases a robust demand for its shares.