AAVC Albion Venture Capital Trust Plc

 
TIDMAAVC 
 
 
   ALBION VENTURE CAPITAL TRUST PLC 
 
   The first allotment for the tax year 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 
2015/2016 (the "Offers"), (which was launched on 17 November 2015) took 
place on 29 January 2016. 
 
   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 3,531,675 
New Ordinary shares at an issue price of 71.6 pence per share from 
existing shareholders and 1,614,056 New Ordinary shares at an issue 
price of 72.0 pence per share for new subscribers. The net proceeds for 
this allotment by the Company are approximately GBP3,611,000. 
 
   Application has been made to the Financial Conduct Authority for 
5,145,731 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 3 February 2016. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. As at this closing on 29 January 2016, in 
total, the amount raised across the Albion VCTs under the Offers was 
GBP19,314,000 (of which GBP605,000 relates to tax year 2016/2017) and 
will remain open until 30 September 2016 unless 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 29 January 2016 consists of 83,267,250 
Ordinary shares with a nominal value of 1 penny each. The Company holds 
6,699,440 Ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
76,567,810, 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 and Transparency Rules. 
 
   For further information, please contact: 
 
   Patrick Reeve 
 
   020 7601 1850 
 
   1 February 2016 
 
   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#1982569 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

February 01, 2016 05:31 ET (10:31 GMT)

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