British Smaller Companies VCT PLC Statement re NAV and Proposed Fundraising

RNS Number : 9994A

British Smaller Companies VCT PLC

20 August 2024

 

British Smaller Companies VCT plc ("the Company")

 

Statement re Net Asset Value and Proposed Fundraising

 

 

The Company announces that as at 30 June 2024 the unaudited net asset value of its ordinary shares was 83.50 pence per ordinary share. An interim management statement for the quarter ended 30 June 2024 will be published in due course.

 

On 26 July 2024 an interim dividend of 2.0 pence per ordinary share was paid in respect of the year ending 31 March 2025, resulting in a corresponding reduction in the Company's net asset value per share.

 

New combined offer for subscription (the "Offer")

The Company and British Smaller Companies VCT2 plc are pleased to announce their intention to launch a new combined Offer for subscription for the 2024-25 tax year later this year.  

 

A prospectus with full details of the proposed Offer will be published in due course.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

20 August 2024

 

For further information, please contact:

 

                Eamon Nolan     YFM Equity Partners                      Tel: [phone]

               Alex Collins         Panmure Liberum                           Tel: [phone]

 

 

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