Albion Ven Cap Trust Issue Of Equity And Total Voting Rights
April 02 2015 - 2:23PM
UK Regulatory
TIDMAAVC
ALBION VENTURE CAPITAL TRUST PLC
The final allotment for the tax year 5 April 2015, of New Ordinary
shares of nominal value 1 penny per share in Albion Venture Capital
Trust 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 2 April 2015.
The Company has received applications for 5,158,657 New Ordinary shares
at an issue price of 71.3 pence per share. The net proceeds for this
allotment by the Company are approximately GBP3,568,000.
Application has been made to the Financial Conduct Authority for
5,158,657 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 8 April 2015.
As at this closing on 2 April 2015, the total raised by the Company
under this Offer was GBP5,127,000.
The Offers constitute separate offers made by each of the Albion VCT's
which are participating in it, and 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 2 April 2015 consists of 76,523,745 Ordinary
shares with a nominal value of 1 penny each. The Company holds 5,841,440
Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
70,682,305, 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
2 April 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: Albion Venture Capital Trust PLC via Globenewswire
HUG#1908736
http://www.closeventures.co.uk
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