Albion Tech&Gen VCT Issue Of Equity And Total Voting Rights And Capital
ALBION TECHNOLOGY & GENERAL VCT PLC
Issue of Equity and Total Voting Rights
LEI Code 213800TKJUY376H3KN16
The first and final allotment for the 2021/2022 tax year of new ordinary
shares of nominal value 1 penny per share ("New Ordinary Shares") in
Albion Technology & General 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 9 April 2021.
Pursuant to the prospectus setting out details of the Offers
("Prospectus"), the Company offered an early bird discount of 1% on
issue costs to existing shareholders in the Companies and 0.5% on issue
costs to new subscribers. These early bird discounts were available to
investors who subscribed for New Ordinary Shares for the first GBP10
million received by 2 p.m. on 26 February 2021 across the five VCTs
participating in the Offers.
The Company has received valid applications under the Offers for the
2021/2022 tax year for 175,959 New Ordinary Shares which will be
allotted at an issue price of 70.5 pence per share from existing
shareholders in the Companies and 16,384 New Ordinary Shares allotted at
an issue price of 70.8 pence per share for new subscribers, both of
which qualified for the early bird discount. A further 497,978 New
Ordinary Shares will be allotted at an issue price of 71.2 pence per
share (which did not qualify for the early bird discount). The total net
proceeds receivable by the Company for these allotments is approximately
GBP0.5 million, bringing net total raised by the Company under the
Prospectus to GBP15.1 million.
Application has been made to the Financial Conduct Authority for 690,321
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 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 GBP2.3 million relates to this tax year 2021/2022).
Following this allotment and in conformity with the provisions of DTR
5.6, the Company makes the following notifications in connection with
its issued share capital:
The Company's capital as at 9 April 2021 consists of 152,522,591
ordinary shares with a nominal value of 1 penny each. The Company holds
18,196,470 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
134,326,121 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
For further information, please contact:
Albion Capital Group LLP
020 7601 1850
9 April 2021
(END) Dow Jones Newswires
April 09, 2021 11:47 ET (15:47 GMT)
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