British Smaller Companies VCT plc (LSE : BSV) commences an Equity Buyback for 36,161,754 shares, representing 14.99% of its issued share capital, under the authorization approved on September 14, 2023.

British Smaller Companies VCT plc (LSE : BSV) commences share repurchases on September 25, 2023, under the program mandated by the shareholders in the Annual General Meeting held on September 14, 2023. As per the mandate, the company is authorized to repurchase up to 36,161,754 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to the maximum amount permitted to be paid in accordance with rules of the UK Listing Authority in force as at the date of purchase.

The minimum price which may be paid for an ordinary share is the nominal value of the share. The authority shall expire at the earliest of the next Annual General Meeting in 2026, or on September 14, 2026, whichever is later. As of June 16, 2023, the company had 241,239,184 issued and outstanding shares and had 22,007,765 shares in treasury.