Kings Arms Yard Issue Of Equity And Total Voting Rights And Capital
March 31 2023 - 8:30AM
UK Regulatory
TIDMKAY
KINGS ARMS YARD VCT PLC
Issue of Equity and Total Voting Rights and Capital
LEI Code 213800DK8H27QY3J5R45
The second allotment for the 2022/2023 tax year of new ordinary
shares of nominal value 1 penny per share ("New Shares") in Kings
Arms Yard VCT 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 31,071,626 New
Shares which will be allotted at an issue price of 22.40 pence per
share. The total net proceeds receivable by the Company for this
allotment is approximately GBP6.8 million, bringing net total
raised to date under the prospectus to GBP11.9 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
31,071,626 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
606,800,527 ordinary shares with a nominal value of 1 penny each.
The Company holds 79,380,503 ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
527,420,024, 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
(END) Dow Jones Newswires
March 31, 2023 09:30 ET (13:30 GMT)
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