Albion Dev VCT Issue Of Equity And Total Voting Rights
November 20 2017 - 9:31AM
UK Regulatory
TIDMAADV
ALBION DEVELOPMENT VCT PLC
LEI Code 213800FDDMBD9QLHLB38
The first allotment for the tax year 5 April 2018, of New Ordinary
shares of nominal value 1 penny per share in Albion Development VCT PLC
(the "Company") under the Albion VCTs Prospectus Top Up Offers 2017/2018
(the "Offers"), (which was launched on 6 September 2017) took place on
17 November 2017.
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 applications for 1,917,314 New Ordinary shares
at an issue price of 73.2 pence per share from existing shareholders and
744,376 New Ordinary shares at an issue price of 73.6 pence per share
for new subscribers, both of which qualified for the early bird
discount. A further 2,357,329 New Ordinary shares will be allotted at an
issue price of 74.0 pence per share. The net proceeds for this allotment
by the Company are approximately GBP3,620,000.
Application has been made to the Financial Conduct Authority for
5,019,019 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 21 November 2017.
The Offers constitute separate offers made by each of the Albion VCT's
which are participating in it. As at this closing on 17 November 2017,
in total, the amount raised across the Albion VCTs under the Offers was
GBP19,100,000 (of which GBP396,000 relates to tax year 2018/2019) and
will remain open until 24 August 2018 (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 17 November 2017 consists of 80,135,559
Ordinary shares with a nominal value of 1 penny each. The Company holds
7,715,700 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
72,419,859, 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 and Transparency Rules.
For further information, please contact:
Patrick Reeve
020 7601 1850
20 November 2017
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 Development VCT PLC - Ordinary Shares via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
November 20, 2017 10:31 ET (15:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Albion Development Vct (LSE:AADV)
Historical Stock Chart
From Apr 2024 to May 2024
Albion Development Vct (LSE:AADV)
Historical Stock Chart
From May 2023 to May 2024