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LONDON - British Smaller Companies VCT2 plc paid an interim dividend of 1.50 pence per ordinary share on Monday for the year ending December 31, 2025, according to a company statement.
The dividend was paid to shareholders registered as of May 23, 2025. Simultaneously, the company issued 1,384,755 ordinary shares at 54.70 pence per share through its dividend re-investment scheme (DRIS).
The DRIS allowed shareholders to receive new shares instead of cash dividends, with 15.3 percent of the interim dividend being reinvested in company shares. The subscription price was determined based on the net asset value of 56.20 pence per share as of March 31, 2025, adjusted for the interim dividend payment.
Employees and members of YFM Private Equity Limited, the company’s manager, received 7,466 ordinary shares in this allotment, bringing their total holdings to 966,632 shares.
The newly issued shares are expected to be admitted to the Official List of the Financial Conduct Authority and begin trading on the London Stock Exchange (LON:LSEG)’s Main Market around July 7, 2025.
Following this issuance, British Smaller Companies VCT2’s issued share capital consists of 332,150,111 ordinary shares with voting rights and 30,642,859 ordinary shares held in treasury.
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