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British Smaller Cos VCTs 1 & 2 DRIS suspensions

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
naflod
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British Smaller Cos VCTs 1 & 2 DRIS suspensions

#292711

Postby naflod » March 20th, 2020, 4:20 pm

YFM have announced that they have suspended the DRIS for both with immediate effect, so today's dividend will not be in share form for those on the scheme but we shall be receiving cash payment around 3rd April.

https://www.londonstockexchange.com/exc ... 71612.html

https://www.londonstockexchange.com/exc ... 71608.html

https://www.londonstockexchange.com/exc ... 71612.html

naflod

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Re: British Smaller Cos VCTs 1 & 2 DRIS suspensions

#293211

Postby 127tolmers » March 22nd, 2020, 4:29 pm

You posted one RNS twice. You probably intended to post the details of the latest buyback which was a positive signal.

https://www.investegate.co.uk/british-s ... 00060664H/

The Company announces that on 20 March 2020 it purchased 1,252,912 ordinary shares of 10 pence each at a price of 70.40 pence per ordinary share including transaction costs. The shares purchased represent 0.90 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 31 December 2019 was 76.10 pence per ordinary share. The Company paid a special dividend of 2.0 pence per ordinary share on 20 March 2020 to shareholders on the register on 21 February 2020. Consequently the net asset value of the ordinary shares of 10 pence each at 20 March 2020 is 74.10 pence per ordinary share.


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