Albion Dev VCT Issue Of Equity And Total Voting Rights
31 May 2018 - 5:55PM
UK Regulatory
TIDMAADV
Albion Development VCT PLC
Issue of Equity and Total Voting Rights
LEI Code 213800FDDMBD9QLHLB38
Albion Development VCT PLC (the "Company") announces that, further to
the Dividend Reinvestment Scheme (details of which were set out in the
Circular issued to shareholders December 2011), the Company allotted
324,995 Ordinary shares of 1 penny each (the "new ordinary shares") in
the capital of the Company on 31 May 2018. The new ordinary shares were
issued at a price of 76.2 pence per ordinary share, comprising the most
recent net asset value less the dividend of 2.0 pence per ordinary
share.
Of the 324,995 new ordinary shares allotted on 31 May 2018, an
application has been made to the UK Listing Authority for the admission
of 126,129 new ordinary shares to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for
listed securities and it is expected that dealings will commence on 1
June 2018. The new ordinary shares will rank pari passu in all respects
with the existing ordinary shares in issue.
A further application will be made to the UK Listing Authority for
126,851 shares to be admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for
listed securities. It is expected that dealings will commence on 8 June
2018. The new ordinary shares will rank pari passu in all respects with
the existing ordinary shares in issue.
A final application will be made to the UK Listing Authority for the
72,015 remaining shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's main
market for listed securities. It is expected that dealings will commence
on 15 June 2018. The new ordinary shares will rank pari passu in all
respects with the existing ordinary shares in issue.
Following the issue of the new ordinary shares, the capital of the
Company as at 31 May 2018 consists of 83,543,578 ordinary shares of
which 8,175,700 ordinary shares are held in treasury.
Therefore the total number of voting rights in the Company is 75,367,878
which may be used by shareholders or other persons as the denominator
for the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
31 May 2018
Tel: 020 7601 1850
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
May 31, 2018 03:55 ET (07:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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