Kings Arms Yard Issue Of Equity And Total Voting Rights
April 11 2018 - 3:12AM
UK Regulatory
TIDMKAY
KINGS ARMS YARD VCT PLC
LEI Code 213800DK8H27QY3J5R45
The first allotment for the 2018/2019 tax year of new ordinary shares of
nominal value 1 penny per share in Kings Arms Yard VCT PLC (the
"Company") under the Albion VCTs Prospectus Top Up Offers 2017/18 (the
"Offers"), (which was launched on 6 September 2017) took place on 11
April 2018. This is the final allotment of shares under the Offers.
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. This early bird discount was available to investors whom
subscribed for new shares for the first GBP10m by 2.00 p.m. on 31
October 2017 across the five VCTs participating in the Offers. The cost
of these discounts is being borne by the Manager, Albion Capital Group
LLP.
The Company has received valid applications for 94,086 new ordinary
shares at an issue price of 22.0 pence per share from existing
shareholders and 8,144 new ordinary shares at an issue price of 22.1
pence per share for new subscribers, both of which qualified for the
early bird discount. A further 2,411,951 new ordinary shares will be
allotted at an issue price of 22.2 pence per share (which did not
qualify for the early bird discount). The net proceeds for this
allotment by the Company are approximately GBP544,000, bringing the
total net raised under the Prospectus for the Company of GBP7,816,000.
Application has been made to the Financial Conduct Authority for
2,514,181 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 13 April 2018.
The Offers which constitute separate offers have been fully subscribed
and all have been closed. The total amount raised across the Albion
VCTs under the Offers is GBP32 million gross.
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 11 April 2018 consists of 349,855,280
ordinary shares with a nominal value of 1 penny each. The Company holds
42,771,000 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
307,084,280, which may be used by shareholders and 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 Guidance and Transparency
Rules.
For further information, please contact:
Albion Capital Group LLP
020 7601 1850
11 April 2018
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: Kings Arms Yard VCT PLC via Globenewswire
http://www.sparkventures.com
(END) Dow Jones Newswires
April 11, 2018 03:12 ET (07:12 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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