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Transaction in Own Shares and PDMR
RNS Number : 6674N
British Smaller Companies VCT PLC
26 September 2023
 

British Smaller Companies VCT plc ("the Company")

 

PDMR Dealing and Purchase of Own Securities

 

The Company announces that on 25 September 2023 it purchased 1,065,966 ordinary shares of 10 pence each at a price of 78.12 pence per ordinary share including transaction costs. The shares purchased represent 0.44 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 2023 was 83.7 pence per ordinary share. The Company paid an interim dividend of 2.0 pence per ordinary share on 28 July 2023 to shareholders on the register as at 30 June 2023. Consequently, the adjusted last reported net asset value of the ordinary shares of 10 pence each is 81.7 pence per ordinary share.

 

The Company's issued share capital now consists of 240,991,484 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 23,525,696 ordinary shares of 10 pence each in treasury.

 

The above figure of 240,991,484 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.

 

The Company also announces that it has received notice that on 25 September 2023 persons of close association to Rupert Cook, the Chair of the Company, sold 26,126 ordinary shares of 10 pence each at a price of 77.62 pence per ordinary share. Following this transaction, persons of close association to Rupert Cook no longer hold any ordinary shares in the Company. Rupert Cook's shareholding remains at 196,540 ordinary shares of 10p each.

 

 

For further information, please contact:

 

David Hall                                          YFM Private Equity Limited        Tel:  0113 244 1000

 

Alex Collins                                        Panmure Gordon (UK) Limited  Tel:  0207 886 2767

 

 

 

Transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

PERSONS CLOSELY ASSOCIATED TO RUPERT COOK

2

 

Reason for the notification

 

a)

 

Position/status

 

 

DIRECTOR

b)

 

Initial notification /Amendment

 

INITIAL NOTIFICATION

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

BRITISH SMALLER COMPANIES VCT PLC

b)

 

LEI

 

213800QXD4A9A3GGB469

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

ORDINARY SHARES OF 10P each

 

 

ISIN: GB0001403152

b)

 

Nature of the transaction

 

Sale of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

 

Price(s)

 

Volume(s)

 

£0.7762

 

13,063

 

£0.7762

 

13,063

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

26,126

 

 

£0.7762

 

e)

 

Date of the transaction

 

 

25 September 2023

f)

 

Place of the transaction

 

 

LONDON Stock Exchange, Main Market (XLON)

 

 

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