Albion Ven Cap Trust Issue Of Equity And Total Voting Rights
December 30 2016 - 3:54AM
UK Regulatory
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 377,848 Ordinary shares of 1 penny each (the "New Ordinary
shares") in the capital of the Company on 30 December 2016. The New
Ordinary shares were issued at a price of 70.40p per Ordinary share,
comprising the most recent net asset value less the dividend of 2.5
pence per Ordinary share.
Of the 377,848 New Ordinary shares allotted on 30 December 2016, an
application has been made to the UK Listing Authority for the admission
of 138,355 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 3 January 2017. 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
139,062 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 10 January 2017. 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
100,431 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 17 January 2017. 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 30 December 2016 consists of 87,196,723 Ordinary shares of
which 7,745,188 shares are held in treasury.
Therefore the total number of voting rights in the Company is 79,451,535
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.
30 December 2016
For further information please contact:
Vikash Hansrani
Albion Ventures LLP
Company Secretary
Tel: 020 7601 1850
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
http://www.closeventures.co.uk
(END) Dow Jones Newswires
December 30, 2016 03:54 ET (08:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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