Albion Income & Growth VCT PLC : Issue of Equity & Total Voting Rights
March 20 2012 - 1:53PM
UK Regulatory
TIDMAAIG
ALBION INCOME & GROWTH VCT PLC
The Second allotment, for the tax year ending 5 April 2012, of New Ordinary
shares of nominal value 1 pence per share in Albion Income & Growth VCT PLC
under the Albion VCTs Linked Top Up Offer 2011/2012 (which was launched on 1
November 2011) took place on 20 March 2012 at an issue price of 67.4 pence per
New Ordinary Share.
Applications for 642,773 New Ordinary shares in Albion Income & Growth VCT PLC
were received.
The net proceeds for this allotment by the Company are approximately GBP410,000
bringing the total raised by the Company by way of the issue of new shares in
the last 12 months to approximately GBP1,959,000 (representing approximately 6.4%
of the issued share capital).
Application has been made to the Financial Services Authority for 642,773 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.
It is expected that admission will become effective and that dealings in the
shares will commence on or before 8.00 a.m. on 22 March 2012.
As at this Second closing of the Albion VCTs Linked Top Up Offer 2011/2012 on
20 March 2012 the total raised under the Offer was GBP5,550,000 (including amounts
reinvested). The Offer constitutes separate offers made by each of the
participating Albion VCTs.
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 Income & Growth VCT PLC's capital as at 20 March 2012 consists of
46,502,700 Ordinary shares with a nominal value of 1p each. Albion Income &
Growth VCT PLC holds 4,550,867 Ordinary shares in Treasury.
Therefore, the total number of voting rights in Albion Income & Growth VCT PLC
is 41,951,833, 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 a change to their interest in, Albion Income & Growth VCT PLC
under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Patrick Reeve
Albion Ventures LLP
020 7601 1850
20 March 2012
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 Income & Growth VCT PLC via Thomson Reuters ONE
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