Crown Place VCT PLC Issue Of Equity And Total Voting Rights
March 28 2017 - 3:34AM
UK Regulatory
TIDMCRWN
CROWN PLACE VCT PLC
The final allotment for the tax year 5 April 2017, of New Ordinary
shares of nominal value 10 pence per share in Crown Place VCT PLC (the
"Company") under the Albion VCTs Prospectus Top Up Offers 2016/2017 (the
"Offers"), (which was launched on 29 November 2016) took place on 28
March 2017.
The Company has received applications for 6,540,425 New Ordinary shares
at an issue price of 30.8 pence per share. The net proceeds for this
allotment by the Company are approximately GBP1,954,000.
Following the Company's announcement closing the Offers to further
applications on 22 February 2017 and separately, the ending of the
closed period on 28 February 2017, pursuant to Market Abuse Regulations
("MAR"), which prohibit Directors' of a company dealing in its own
shares during a closed period, the Company has also allotted 32,467
shares outside the Offers to Penny Freer, a Director of the Company, at
an issue price of 30.8 pence per share. If the Company had not been in a
closed period this allotment could have been applied for and would have
been accepted under the terms of the Offers. In the circumstances the
application for and allotment of these shares were accepted and made
outside the terms of the Offers, but were otherwise made on the same
terms and conditions, including the price, as investors under the
Offers. The net proceeds for this allotment after the application of the
same pricing formula used under the Offers are therefore GBP9,700.
Applications has been made to the Financial Conduct Authority for
6,540,425 and 32,467 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 of the dividend of 1 penny per share payable on 31 March
2017 was 10 March 2017, and as a result, the New Ordinary shares would
not qualify for this dividend.
The Offers which constitute separate offers have been fully subscribed
and all have been closed. The total amount raised across the Albion VCTs
under the Offers is GBP34 million (of which GBP1,341,000 relates to tax
year 2017/2018).
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 28 March 2017 consists of 160,779,195
Ordinary shares with a nominal value of 10 pence each. The Company holds
14,127,410 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
146,651,785 which may be used by shareholders or 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
28 March 2017
LEI Code 213800SYIQPA3L3T1Q68
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: Crown Place VCT PLC via Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
March 28, 2017 04:34 ET (08:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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