Crown Place VCT PLC Issue Of Equity And Total Voting Rights And Capital
01 April 2022 - 8:45PM
UK Regulatory
TIDMCRWN
CROWN PLACE VCT PLC
Issue of Equity and Total Voting Rights and Capital
LEI Code 213800SYIQPA3L3T1Q68
The second allotment for the 2021/2022 tax year of new ordinary
shares of nominal value 1 penny per share ("New Shares") in Crown
Place VCT PLC (the "Company") under the Albion VCTs Prospectus Top
Up Offers 2021/22 (the "Offers"), (which was launched on 6 January
2022) took place on 31 March 2022.
The Company has received valid applications for 1,838,353 New
Shares which will be allotted at an issue price of 33.8 pence per
share. The net proceeds receivable by the Company for this
allotment is approximately GBP0.6 million, bringing net total
raised to date under the prospectus to GBP11.0 million. The issue
pricing of the New Shares has been calculated to avoid any capital
dilution to existing shareholders who do not participate in the
Offers.
Application has been made to the Financial Conduct Authority for
1,838,353 New Shares to be admitted to the Official List and to the
London Stock Exchange for the New Shares to be admitted to trading
on the London Stock Exchange's market for listed securities. The
New Shares rank pari passu with the existing ordinary shares in
issue.
The record date in respect of the dividend of 0.84 pence per
share paid on 31 March 2022 was 11 March 2022, and as a result, the
New Shares did not qualify for this dividend.
It is expected that admission to the Official List will become
effective and that dealings in the New Shares will commence within
three Business Days following allotment.
The Offers which constitute separate offers have been fully
subscribed and all have been closed to further applications. The
total amount raised across the Albion VCTs under the Offers is
GBP96.5 million (of which GBP91.8 million relates to this tax year
2021/2022).
Following this allotment and in conformity with the provisions
of DTR 5.6, we make the following notifications in connection with
the issued share capital of the Company:
The Company's capital as at 31 March 2022 consists of
288,308,559 ordinary shares with a nominal value of 1 penny each.
The Company holds 33,251,258 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
255,057,301, which may be used by shareholders and 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:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Company Secretary
020 7601 1850
1 April 2022
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April 01, 2022 05:45 ET (09:45 GMT)
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