British Smaller Companies VCT2 plc (BSC) has confirmed the admission of 1,476,711 new ordinary shares to trading on the London Stock Exchange Main Market, effective 6 November 2026. The shares were allotted under the company's dividend reinvestment scheme, following an Issue of Equity announcement made on 23 October 2026. The disclosure was made in compliance with The Public Offers and Admissions to Trading Regulations 2024 (POATRs), specifically PRM 1.6.4R. Investors in the venture capital trust sector may note the update as it reflects ongoing activity within BSC's shareholder return mechanism.

Key Points

  • British Smaller Companies VCT2 plc (BSC) — a venture capital trust investing in UK smaller companies, listed on the London Stock Exchange Main Market
  • 1,476,711 new ordinary shares of 0.01p each admitted to trading on 6 November 2026 under the company's dividend reinvestment scheme
  • Total shares in issue following admission stand at 381,907,782, excluding 42,152,249 shares held in treasury; ISIN: GB0005001796
  • Investors should watch for further allotments under the reinvestment scheme and any updates from fund manager YFM Equity Partners

BSC Admits Further Ordinary Shares Under Dividend Reinvestment Scheme on 6 November 2026

The admission follows the company's Issue of Equity announcement dated 23 October 2026, in which British Smaller Companies VCT2 disclosed the allotment of new ordinary shares through its dividend reinvestment scheme. The newly admitted shares are ordinary shares of 0.01p each, carrying ISIN GB0005001796, and are described in the announcement as fully fungible with existing ordinary shares already in circulation. No prospectus was required in connection with this admission, the company stated, and the notification covers all admissions up to and including 6 November 2026.

Total BSC Shares in Issue Reach 381,907,782 Following Latest Admission

Following the admission of the 1,476,711 new shares, the total number of British Smaller Companies VCT2 ordinary shares in issue stands at 381,907,782, excluding 42,152,249 securities held in treasury. The company's Legal Entity Identifier (LEI) is recorded as 213800846X6PYSUG1328. The disclosure was made in accordance with POATRs PRM 1.6.4R, the regulatory framework governing public offers and admissions to trading in the UK, underlining the company's obligations regarding transparency around changes to its share capital structure on the London Stock Exchange Main Market.

YFM Equity Partners Manages BSC's Portfolio of UK SME Investments

British Smaller Companies VCT2 is managed by YFM Equity Partners, a fund management firm focused on investing in UK smaller and medium-sized enterprises. The company operates as a venture capital trust, a structure designed to channel investment into early-stage and growth-focused UK businesses. Contact for the announcement was provided by Marcus Karia of YFM Equity Partners, with broking support from Alex Collins at Panmure Liberum. The VCT structure means the company is subject to specific UK tax and regulatory requirements that govern how it deploys capital and returns value to shareholders.