Albion EnterpriseVCT Issue Of Equity And Total Voting Rights
07 April 2017 - 5:11PM
UK Regulatory
TIDMAAEV
ALBION ENTERPRISE VCT PLC
The first allotment for the 2017/2018 tax year, of New Ordinary shares
of nominal value 1 penny per share in Albion Enterprise VCT PLC (the
"Company") under the Albion VCTs Prospectus Top Up Offers 2016/2017 (the
"Offers"), (which was launched on 29 November 2016) took place on 7
April 2017. This is the final allotment of shares under the Offers.
Pursuant to the Prospectus, the Company offered a 1% discount on issue
costs to existing shareholders and 0.5% discount on issue costs to new
subscribers who subscribed for the first GBP7.5m before 31 January 2017.
The early bird discount were available to investors who applied to
subscribe for New Shares for the first GBP7.5m across the six VCTs
participating in the Offers. The cost of these discounts is being borne
by the Manager, Albion Ventures LLP.
The Company has received valid applications for 15,240 New Ordinary
shares at an issue price of 99.4 pence per share from existing
shareholders and 16,057 New Ordinary shares at an issue price of 99.9
pence per share for new subscribers, all of which qualified for the
early bird discount. A further 263,313 New Ordinary shares are to be
allotted at an issue price of 100.5 pence per New Ordinary share (which
did not qualify for the early bird discounts). The net proceeds for this
allotment by the Company are approximately GBP287,000 bringing total net
proceeds raised under the Offers for the Company of GBP5,815,000.
The Offers which constitute separate offers have been fully subscribed
and the total amount raised across the Albion VCTs under the Offers is
GBP34 million (gross).
Application has been made to the Financial Conduct Authority for 294,610
New Ordinary shares to be admitted to the Official List and to the
London Stock Exchange for the New Ordinary shares to be admitted to
trading on the London Stock Exchange's market for listed securities. The
New Ordinary shares rank pari passu with the existing shares in issue.
Following this allotment and in conformity with the provisions of DTR
5.6, we would like to notify the market of the following:
The Company's capital as at 7 April 2017 consists of 58,259,384 Ordinary
shares with a nominal value of 1 penny each. The Company holds 6,429,443
Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
51,829,941 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 and Transparency Rules.
For further information, please contact:
Albion Ventures LLP
020 7601 1850
7 April 2017
LEI Code 213800OVSRDHRJBMO720
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 Enterprise VCT PLC via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
April 07, 2017 03:11 ET (07:11 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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