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LONDON - British Smaller Companies VCT plc (LON:BSV) paid an interim dividend of 2.00 pence per ordinary share on Friday for the year ending March 31, 2026, the company announced in a press release.
The venture capital trust also issued 1,515,132 new ordinary shares at a price of 78.55 pence per share through its dividend re-investment scheme (DRIS). These shares were allotted to shareholders who elected to receive shares instead of cash dividends.
According to the company, 16.8 percent of the interim dividend was reinvested in ordinary shares via the DRIS. The subscription price was determined based on the net asset value of 80.55 pence per share as of March 31, 2025, adjusted for the 2.00 pence dividend payment.
Employees and members of YFM Private Equity Limited, the company’s manager, received 6,677 ordinary shares in this allotment, bringing their total holdings to 1,309,427 shares.
The newly issued shares are expected to begin trading on the London Stock Exchange (LON:LSEG)’s Main Market around August 8, 2025, pending admission to the Official List of the Financial Conduct Authority.
Following this issuance, British Smaller Companies VCT’s share capital consists of 355,997,862 ordinary shares with voting rights and 35,694,505 ordinary shares held in treasury.
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