Albion Ven Cap Trust Issue Of Equity & Total Voting Rights
September 30 2014 - 3:45PM
UK Regulatory
TIDMAAVC
30 September 2014
ALBION VENTURE CAPITAL TRUST PLC
The final allotment for the Albion VCTs Prospectus Top Up Offers
2013/2014 (the "Prospectus Offers") (which were launched on 19 March
2014) took place on 30 September 2014 and are now closed.
The Albion VCTs Top Up Offers 2013/2014, (the "Top Up Offers") and the
Prospectus Offers constitute separate offers made by each of the Albion
VCTs which are participating in it.
For this final allotment of the Prospectus Offers, Albion Venture
Capital Trust PLC (the "Company") received applications for 588,667 New
Ordinary shares with a nominal value of 1 penny per share at an issue
price of 71.5 pence per share. In addition, due to popular demand, a
further 282,802 New Ordinary shares were issued at an issue price of
71.5 pence per share outside the Prospectus Offers. The total net
proceeds for these allotments by the Company are approximately GBP604k.
Application has been made to the Financial Conduct Authority for 871,469
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 total raised for the Company under the Offers and under other
Non-Prospectus issues since 6 November 2013, other than in respect of
Dividend Reinvestment Schemes, was GBP4.3m and across the six VCTs
managed by Albion Ventures LLP was GBP21.2m.
It is expected that Admission will become effective, and that dealings
in the shares will commence on or before 8.00 a.m. on 6 October 2014.
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 September 2014 consists of 68,825,723
Ordinary shares with a nominal value of 1 penny each, of which 5,240,440
Ordinary shares are held in Treasury.
Therefore the total number of voting rights in the Company is 63,585,283
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
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#1859860
http://www.closeventures.co.uk
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