Albion EnterpriseVCT Issue Of Equity And Total Voting Rights
05 April 2018 - 7:29PM
UK Regulatory
TIDMAAEV
ALBION ENTERPRISE VCT PLC
LEI Code 213800OVSRDHRJBMO720
The third and final allotment for the tax year 5 April 2018, 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
2017/18 (the "Offers"), (which was launched on 6 September 2017) took
place on 5 April 2018.
The Company has received valid applications for 575,386 new ordinary
shares at an issue price of 104.0 pence per share. The net proceeds for
this allotment by the Company are approximately GBP584,000, bringing net
total raised to date under the prospectus to GBP5,655,000.
Application has been made to the Financial Conduct Authority for 575,386
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.
It is expected that admission will become effective, and that dealings
in the shares will commence on or before 8.00 a.m. on 9 April 2018.
The Offers which constitute separate offers have been fully subscribed
and all have been closed. The total amount raised across the Albion VCTs
under the Offers is GBP32 million (of which GBP1.3m relates to tax year
2018/2019).
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 5 April 2018 consists of 64,369,538 ordinary
shares with a nominal value of 1 penny each. The Company holds 7,270,443
ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
57,099,095 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:
Albion Capital Group LLP
020 7601 1850
5 April 2018
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 05, 2018 05:29 ET (09:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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