Albion Ven Cap Trust Issue Of Equity And Total Voting Rights And Capital
March 31 2023 - 8:31AM
UK Regulatory
TIDMAAVC
ALBION VENTURE CAPITAL TRUST PLC
Issue of Equity and Total Voting Rights and Capital
LEI Code 213800JKELS32V2OK421
The second allotment for the 2022/2023 tax year of new ordinary
shares of nominal value 1 penny per share ("New Shares") in Albion
Venture Capital Trust PLC (the "Company") under the Albion VCTs
Prospectus Top Up Offers 2022/23 (the "Offers"), (which was
launched on 10 October 2022) took place on 31 March 2023.
The Company has received valid applications for 9,637,280 New
Shares which will be allotted at an issue price of 51.40 pence per
share. The total net proceeds receivable by the Company for this
allotment is approximately GBP4.8 million, bringing net total
raised to date under the prospectus to GBP10.3 million. The issue
pricing of the New Shares has been structured to avoid any capital
dilution to existing shareholders who do not participate in the
Offers.
Application has been made to the Financial Conduct Authority for
9,637,280 New Shares to be admitted to the Official List and to the
London Stock Exchange for the New Shares to be admitted to trading
on the London Stock Exchange's market for listed securities. The
New Shares rank pari passu with the existing ordinary shares in
issue.
It is expected that admission to the Official List will become
effective and that dealings in the New 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
GBP80 million (of which GBP77.6 million relates to this tax year
2022/2023).
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 31 March 2023 consists of
158,716,332 ordinary shares with a nominal value of 1 penny each.
The Company holds 19,137,781 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
139,578,551, 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:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Company Secretary
020 7601 1850
31 March 2023
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March 31, 2023 09:31 ET (13:31 GMT)
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