TIDMAAVC 
 
 
   ALBION VENTURE CAPITAL TRUST PLC 
 
   The first allotment for the tax year to 5 April 2016 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 30 June 2015. The Offers constitute separate offers made by 
each of the Albion VCT's which are participating in it. 
 
   Pursuant to the Prospectus, the Company offered a 1 per cent. discount 
on issue costs to existing shareholders and 0.5 per cent. discount on 
issue costs to new subscribers for applications received prior to 30 
January 2015. The cost of these discounts is being borne by the Manager, 
Albion Ventures LLP. The Company has received applications for 57,128 
New Ordinary shares at an issue price of 73.1 pence per share from 
existing shareholders and 11,337 New Ordinary shares at an issue price 
of 73.5 pence per share from new subscribers who applied before the 30 
January 2015. The remaining 805,008 New Ordinary shares have an issue 
price of 73.9 pence per share. The net proceeds for this allotment by 
the Company are approximately GBP626,000. 
 
   Application has been made to the Financial Conduct Authority for 873,473 
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 2 July 2015. 
 
   As at this closing on 30 June 2015, the total raised by the Company 
under this Offer was GBP5,753,000. The Company now has capacity for 
further subscription of GBP83,000 under this Offer and will remain open 
until 30 September 2015 unless fully subscribed earlier. 
 
   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 June 2015 consists of 77,397,218 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 
71,555,778, 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: 
 
   Patrick Reeve 
 
   020 7601 1850 
 
   30 June 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#1933129 
 
 
  http://www.closeventures.co.uk 
 

Albion Venture Capital (LSE:AAVC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Albion Venture Capital Charts.
Albion Venture Capital (LSE:AAVC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Albion Venture Capital Charts.