British Smaller Companies VCT2 (GB:BSC) has released an update.
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British Smaller Companies VCT2 Plc reported a slight decline in its Total Return, dropping by 0.3 pence per share in the first half of 2024, despite a fully subscribed share offer raising £33.5 million. The company declared a second interim dividend of 1.5 pence per share and completed investments totaling £7.3 million, with an additional £5.9 million following the period end. Despite challenging economic conditions, the VCT2’s portfolio saw some companies achieve sales growth over 30%, contributing to revaluation gains, and realized investment proceeds of £6.9 million, indicating a robust investment strategy.
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