Albion Ven Cap Trust Issue Of Equity And Total Voting Rights
31 July 2017 - 7:31PM
UK Regulatory
TIDMAAVC
Albion Venture Capital Trust PLC
Issue of Equity and Total Voting Rights
LEI CODE 213800JKELS32V2OK421
Albion Venture Capital Trust PLC (the "Company") announces that, further
to the Dividend Reinvestment Scheme (details of which were set out in
the Circular issued to shareholders on 10 July 2008), the Company
allotted 402,670 Ordinary shares of 1 penny each (the "New Ordinary
shares") in the capital of the Company on 31 July 2017. The New Ordinary
shares were issued at a price of 72.9p per Ordinary share, comprising
the most recent net asset value less the dividend of 2.5 pence per
Ordinary share.
Of the 402,670 New Ordinary shares allotted on 31 July 2017, an
application has been made to the UK Listing Authority for the admission
of 131,551 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 or
before 1 August 2017. 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
134,554 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 or
before 8 August 2017. 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
136,565 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 or before 15 August 2017. 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 July 2017 consists of 95,825,075 Ordinary shares of
which 8,263,188 shares are held in treasury.
Therefore the total number of voting rights in the Company is 87,561,887
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.
31 July 2017
For further information please contact:
Vikash Hansrani
Albion Capital Group LLP
Company Secretary
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 Venture Capital Trust PLC via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
July 31, 2017 05:31 ET (09:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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