Crown Place VCT PLC Issue Of Equity And Total Voting Rights And Capital
05 December 2022 - 11:15PM
UK Regulatory
TIDMCRWN
CROWN PLACE VCT PLC
Issue of Equity and Total Voting Rights
LEI Code 213800SYIQPA3L3T1Q68
The first allotment for the 2022/2023 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 2022/23 (the "Offers"), (which was launched on 10 October
2022) took place on 2 December 2022.
Pursuant to the Prospectus, the Company offered an early bird
discount of 1% on issue costs to existing shareholders and 0.5% on
issue costs to new subscribers. These early bird discounts were
available to investors who subscribed for New Shares for the first
GBP10m across the six VCTs participating in the Offers. The cost of
these discounts is being borne by the Manager, Albion Capital Group
LLP. The issue pricing of the New Shares has been structured to
avoid any capital dilution to existing shareholders who do not
participate in the Offers.
The Company has received valid applications for 3,844,616 New
Shares which will be allotted at an issue price of 33.5 pence per
share from existing shareholders and 616,505 New Shares allotted at
an issue price of 33.7 pence per share for new subscribers, both of
which qualified for the early bird discount. A further 10,931,256
New Shares will be allotted at an issue price of 33.8 pence per
share (which did not qualify for the early bird discount). The
total net proceeds receivable by the Company for this allotment is
approximately GBP5.07 million.
Application has been made to the Financial Conduct Authority for
15,392,377 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 shares
in issue.
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.
As at 2 December 2022, the total amount raised across the six
VCTs under the Offers is GBP34.87 million (of which GBP1.12 million
relates to the tax year 2023/2024). The Offers are expected to
close no later than 2 p.m. on 30 September 2023 (unless fully
subscribed by an earlier date or previously closed).
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 2 December 2022 consists of
307,032,867 ordinary shares with a nominal value of 1 penny each.
The Company holds 37,451,482 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
269,581,385, 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
5 December 2022
(END) Dow Jones Newswires
December 05, 2022 07:15 ET (12:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Crown Place Vct (LSE:CRWN)
Historical Stock Chart
From Apr 2024 to May 2024
Crown Place Vct (LSE:CRWN)
Historical Stock Chart
From May 2023 to May 2024