Crown Place VCT PLC Issue Of Equity And Total Voting Rights
31 January 2015 - 5:49AM
UK Regulatory
TIDMCRWN
The first allotment for the tax year 5 April 2015, of New Ordinary
shares of nominal value 10 pence per share in Crown Place VCT 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
January 2015.
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. The cost of these discounts is being borne by the Manager,
Albion Ventures LLP. The Company has received applications for 2,763,025
New Ordinary shares at an issue price of 31.80 pence per share from
existing shareholders and 1,451,111 New Ordinary shares at an issue
price of 32.00 pence per share for new subscribers. The net proceeds for
this allotment by the Company are approximately GBP1,314,000.
Application has been made to the Financial Conduct Authority for
4,214,136 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 4 February 2015.
The Offers constitute separate offers made by each of the Albion VCT's
which are participating in it. The Offers will remain open until 30
September 2015 unless they are fully subscribed before this date.
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 January 2015 consists of 105,751,688
Ordinary shares with a nominal value of 10p each. The Company holds
10,131,410 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
95,620,278, which may be used by shareholders 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:
Patrick Reeve
020 7601 1850
30 January 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: Crown Place VCT PLC via Globenewswire
HUG#1890803
http://www.closeventures.co.uk
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