TIDMAAEV 
 
 
   ALBION ENTERPRISE VCT PLC 
 
   Issue of Equity and Total Voting Rights 
 
   LEI Code 213800OVSRDHRJBMO720 
 
   The first allotment for the 2020/2021 tax year of new ordinary shares of 
nominal value 1 penny per share ("New Ordinary Shares") in Albion 
Enterprise VCT PLC (the "Company") under the Albion VCTs Prospectus Top 
Up Offers 2020/21 (the "Offers"), (which was launched on 5 January 2021) 
took place on 26 February 2021. 
 
   Pursuant to the Prospectus, the Company offered an early bird discount 
of 1% on issue costs to existing shareholders and 0.5% on issue costs to 
new subscribers. These early bird discounts were available to investors 
who subscribed for new shares for the first GBP10m received by 2 p.m. on 
26 February 2021 across the five VCTs participating in the Offers. The 
cost of these discounts is being borne by the Manager, Albion Capital 
Group LLP. The issue pricing of the new shares has been calculated to 
avoid any capital dilution to existing shareholders who do not 
participate in the Offers. 
 
   The Company has received valid applications for 1,516,559 New Ordinary 
Shares which will be allotted at an issue price of 114.0 pence per share 
from existing shareholders and 378,823 New Ordinary Shares allotted at 
an issue price of 114.6 pence per share for new subscribers, both of 
which qualified for the early bird discount. A further 5,550,826 New 
Ordinary Shares will be allotted at an issue price of 115.2 pence per 
share (which did not qualify for the early bird discount). The total net 
proceeds receivable by the Company for this allotment is approximately 
GBP8.4 million. 
 
   Application has been made to the Financial Conduct Authority for 
7,446,208 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. 
 
   The record date in respect of the dividend of 2.74 pence per share paid 
on 26 February 2021 was 5 February 2021, and as a result, the New 
Ordinary Shares did not qualify for this dividend. 
 
   It is expected that admission to the Official List will become effective 
and that dealings in the New Ordinary Shares will commence within three 
Business Days following allotment. 
 
   The Offers which constitute separate offers have been fully subscribed 
and all have been closed to further applications.  The total amount 
raised across the Albion VCTs under the Offers is GBP58.5 million (of 
which GBP56.2 million relates to this tax year 2020/2021). 
 
   Following this allotment and in conformity with the provisions of DTR 
5.6, we make the following notifications in connection with the issued 
share capital of the Company: 
 
   The Company's capital as at 26 February 2021 consists of 85,232,100 
ordinary shares with a nominal value of 1 penny each. The Company holds 
10,163,317 ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
75,068,783 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 
 
   Company Secretary 
 
   020 7601 1850 
 
   1 March 2021

(END) Dow Jones Newswires

March 01, 2021 06:10 ET (11:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Albion Enterprise Vct (LSE:AAEV)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Albion Enterprise Vct Charts.
Albion Enterprise Vct (LSE:AAEV)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Albion Enterprise Vct Charts.