Albion Dev VCT Issue Of Equity And Total Voting Rights
30 September 2015 - 6:22PM
UK Regulatory
TIDMAADV
Albion Development VCT PLC
Issue of Equity and Total Voting Rights
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
283,909 Ordinary shares of 1 penny each (the "New Ordinary shares") in
the capital of the Company on 30 September 2015. The New Ordinary shares
were issued at a price of 71.20p per Ordinary share, comprising the most
recent net asset value less the dividend of 2.5 pence per Ordinary
share.
Of the 283,909 New Ordinary shares allotted on 30 September 2015, an
application has been made to the UK Listing Authority for the admission
of 136,017 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 October 2015. 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
114,291 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 October 2015. 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
33,601 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 October 2015. 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 30 September 2015 consists of 59,057,460 Ordinary shares
of which 4,904,700 Ordinary shares are held in treasury.
Therefore the total number of voting rights in the Company is 54,152,760
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:
Vikash Hansrani
Albion Ventures LLP
30 September 2015
Tel: 020 7601 1850
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 Development VCT PLC - Ordinary Shares via Globenewswire
HUG#1955550
http://www.closeventures.co.uk
(END) Dow Jones Newswires
September 30, 2015 04:22 ET (08:22 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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