Albion Ven Cap Trust Issue Of Equity And Total Voting Rights
01 July 2015 - 3:25AM
UK Regulatory
TIDMAAVC
ALBION VENTURE CAPITAL TRUST PLC
The first allotment for the tax year to 5 April 2016 of New Ordinary
shares of nominal value 1 penny per share in Albion Venture Capital
Trust PLC (the "Company") under the Albion VCTs Prospectus Top Up Offers
2014/2015 (the "Offers"), (which was launched on 17 November 2014) took
place on 30 June 2015. The Offers constitute separate offers made by
each of the Albion VCT's which are participating in it.
Pursuant to the Prospectus, the Company offered a 1 per cent. discount
on issue costs to existing shareholders and 0.5 per cent. discount on
issue costs to new subscribers for applications received prior to 30
January 2015. The cost of these discounts is being borne by the Manager,
Albion Ventures LLP. The Company has received applications for 57,128
New Ordinary shares at an issue price of 73.1 pence per share from
existing shareholders and 11,337 New Ordinary shares at an issue price
of 73.5 pence per share from new subscribers who applied before the 30
January 2015. The remaining 805,008 New Ordinary shares have an issue
price of 73.9 pence per share. The net proceeds for this allotment by
the Company are approximately GBP626,000.
Application has been made to the Financial Conduct Authority for 873,473
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 2 July 2015.
As at this closing on 30 June 2015, the total raised by the Company
under this Offer was GBP5,753,000. The Company now has capacity for
further subscription of GBP83,000 under this Offer and will remain open
until 30 September 2015 unless fully subscribed earlier.
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 30 June 2015 consists of 77,397,218 Ordinary
shares with a nominal value of 1 penny each. The Company holds 5,841,440
Ordinary shares in treasury.
Therefore, the total number of voting rights in the Company is
71,555,778, 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 Rules and Transparency Rules.
For further information, please contact:
Patrick Reeve
020 7601 1850
30 June 2015
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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 Venture Capital Trust PLC via Globenewswire
HUG#1933129
http://www.closeventures.co.uk
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