Issue of Equity and Total Voting Rights
March 23 2011 - 5:43AM
UK Regulatory
TIDMAATC
Albion Technology & General VCT PLC
The second allotment of New Ordinary Shares and New C Ordinary Shares (each of
nominal value 50 pence per share) in Albion Technology & General VCT PLC under
the Albion VCTs Linked Top Up Offer (which was launched on 1 November 2010) took
place on 22 March 2011. The issue price of New Ordinary Shares was 90.1 pence
per share and the issue price of New C Ordinary Shares was 70.1 pence per share.
Applications for 360,737 New Ordinary Shares and 463,769 New C Ordinary Shares
in Albion Technology & General VCT PLC were received.
The net proceeds of the Offer to date to Albion Technology & General VCT PLC are
approximately GBP1,253,000. The Offer will remain open until 12 noon on 5 April
2011 unless fully subscribed and closed earlier.
Application has been made to the Financial Services Authority for 360,737 New
Ordinary Shares and 463,769 New C Ordinary Shares to be admitted to the Official
List and to the London Stock Exchange for the New Ordinary Shares and New C
Ordinary Shares to be admitted to trading on the London Stock Exchange's market
for listed securities.
It is expected that Admission will become effective, and that dealings in the
shares will commence on or before, 8.00 a.m. on 29 March 2011.
As at this second closing of the Albion VCTs Linked Top Up Offer on 22 March
2011, applications (across all seven of the Albion VCTs) totalling GBP8,559,000
were received, and have been met in full.
Due to recent fluctuations in the pound: Euro exchange rate and the amount of
investors who have elected to have their tax-free dividends reinvested, in
accordance with the "Offer Document" Albion anticipate that the fundraising
limit under this offer will be capped at approximately GBP13.3m.
Further details of the Albion VCTs Linked Top Up Offer (including the Investor
Guide and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.
Following this allotment and in conformity with the Transparency Directive's
transitional provision 6, we would like to notify the market of the following:
Albion Technology & General VCT PLC's capital as at 23 March 2011 consisted of
14,475,832 Ordinary shares and 36,678,643 C Ordinary shares. Albion Technology &
General VCT PLC holds 1,185,870 Ordinary shares and 2,323,567 C shares in
Treasury.
Therefore, the total number of voting rights in Albion Technology & General VCT
PLC is 47,645,038 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 change to their interest in Albion Technology & General VCT PLC
under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Patrick Reeve 020 7601 1850
Albion Ventures LLP
23 March 2011
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Albion Technology & General VCT PLC - C Shares via Thomson Reuters ONE
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