British Smaller Companies VCT2 plc (the "Company") today announces its audited results for the year ended 31 December 2020.
HIGHLIGHTS
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As announced on 28 January 2021, in the year Total Return increased by 3.3 pence to 125.0 pence per ordinary share, an increase of 6.0 per cent over the opening net asset value.
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Two new investments and four follow-on investments totalling £4.0 million were completed during the year. A further two new investments totalling £2.0 million have been completed since the year end.
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Realisations of investments and loan repayments generated total proceeds of £6.1 million in the year, a gain of £1.7 million over the opening carrying value and £4.0 million over cost.