AAVC Albion Venture Capital Trust Plc

 
TIDMAAVC 
 
 
   Albion Venture Capital Trust PLC 
 
   Issue of Equity and Total Voting Rights 
 
   Albion Venture Capital Trust PLC (the "Company") announces that, further 
to the Dividend Reinvestment Scheme (details of which were set out in 
the Circular issued to shareholders on 10 July 2008), the Company 
allotted 374,773 Ordinary shares of 1 penny each (the "New Ordinary 
shares") in the capital of the Company on 29 July 2016. The New Ordinary 
shares were issued at a price of 69.50p per Ordinary share, comprising 
the net asset value at 31 March 2016 less the dividend of 2.5 pence per 
Ordinary share. 
 
   Of the 374,773 New Ordinary shares allotted on 29 July 2016, an 
application has been made to the UK Listing Authority for the admission 
of 137,130 New Ordinary shares to the Official List of the UK Listing 
Authority and to trading on the London Stock Exchange's main market for 
listed securities and it is expected that dealings will commence on or 
before 1 August 2016. The New Ordinary shares will rank pari passu in 
all respects with the existing Ordinary shares in issue. 
 
   A further application will be made to the UK Listing Authority for 
137,084 shares to be admitted to the Official List of the UK Listing 
Authority and to trading on the London Stock Exchange's main market for 
listed securities. It is expected that dealings will commence on or 
before 8 August 2016. The New Ordinary shares will rank pari passu in 
all respects with the existing Ordinary shares in issue. 
 
   A final application will be made to the UK Listing Authority for the 
100,559 remaining shares to be admitted to the Official List of the UK 
Listing Authority and to trading on the London Stock Exchange's main 
market for listed securities. It is expected that dealings will commence 
on or before 15 August 2016. The New Ordinary shares will rank pari 
passu in all respects with the existing Ordinary shares in issue. 
 
   Following the issue of the New Ordinary shares, the capital of the 
Company as at 29 July 2016 consists of 86,818,875 Ordinary shares of 
which 6,954,440 shares are held in treasury. 
 
   Therefore the total number of voting rights in the Company is 79,864,435 
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. 
 
   29 July 2016 
 
   For further information please contact: 
 
   Vikash Hansrani 
 
   Albion Ventures LLP 
 
   Company Secretary 
 
   Tel: 020 7601 1850 
 
   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#2031883 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

July 29, 2016 05:17 ET (09:17 GMT)

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