1st Quarter Results

(LSE/AIM:BSV) British Smaller Companies VCT plc reported a net asset value (NAV) per ordinary share of 78.00 pence at 30 June 2026, representing a 1.10 pence or 1.4 per cent increase over the quarter. On 17 July 2026, an interim dividend of 2.00 pence per ordinary share was paid for the year ending 31 March 2027, reducing the NAV per share to 76.00 pence. The Company's Total Return at 30 June 2026 increased by 1.10 pence to 266.15 pence per ordinary share. During the quarter, £3.9 million was invested into new investments StudentCrowd (£2.4 million) and Inploi (£1.5 million), and £6.5 million into existing portfolio companies Spotless Water (£3.6 million) and GEEIQ (£2.9 million). After the quarter-end, £1.8 million was invested in NextWave and £2.6 million into five existing portfolio companies: Xapien, Biorelate, Tonkotsu, Force24, and Integrum, bringing total investments for the year to £14.8 million. The final allotment of the 2025/26 fundraise occurred on 1 April 2026, with net proceeds of £36.1 million and 45,900,519 shares issued. On 22 June 2026, 1,255,653 shares were bought back at 71.66 pence per share for £0.9 million and held in treasury. As of 17 July 2026, 1,597,553 shares were issued under the Dividend Re-investment Scheme, resulting in 417,593,344 ordinary shares with voting rights and 42,580,195 shares held in treasury. At 30 June 2026, net assets stood at £324,393,000, with unquoted investments at fair value of £172,710,000 (53.2% of net assets) and cash and money market funds of £147,287,000 (45.4%). The largest portfolio holdings included Matillion (£17,045,000), Summize (£16,723,000), Unbiased (£16,340,000), and Xapien (£16,120,000). The Company announced its intention to launch a new joint offer for subscription for the 2026/27 tax year with British Smaller Companies VCT2 plc, targeting up to £40 million in aggregate with over-allotment facilities of up to a further £20 million, before issue costs. A prospectus is expected to be published on or around 23 September, with applications opening one week later.

Payment of Dividend and Issue of Equity

(LSE/AIM:BSV) British Smaller Companies VCT plc announced that on 17 July 2026 it paid an interim dividend for the year ending 31 March 2027 of 2.00 pence per ordinary share to shareholders on the register as at the record date of 19 June 2026. On the same date, the company issued and allotted 1,597,553 ordinary shares of 0.01 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 74.90 pence per ordinary share. The subscription price was determined based on the net asset value of 76.90 pence per ordinary share as at 31 March 2026, adjusted for the interim dividend. Approximately 14 per cent of the interim dividend paid was re-invested in ordinary shares via the DRIS. Employees and members of the Manager, YFM Private Equity Limited, were allotted 9,098 ordinary shares, bringing their aggregate total holding to 1,306,928 ordinary shares. Following this issue, the company's issued share capital consists of 417,593,344 ordinary shares with voting rights and 42,580,195 ordinary shares held in treasury. Application is being made for the new shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market, with dealings expected to commence on or around 31 July 2026.