Albion Income & Growth VCT PLC : Issue of Equity and Total Voting Rights
May 31 2012 - 12:32PM
UK Regulatory
TIDMAAIG
Albion Income & Growth VCT PLC
The final allotment for the Albion VCTs Linked Top Up Offer 2011/2012 (the
'Offer') took place on 31 May 2012. The Offer is now closed. The total raised
under the Offer across seven of the funds managed by Albion Ventures LLP was
GBP10.5m. The offer constitutes separate offers made by each of the participating
VCTs.
The allotment on 31 May 2012 is in respect of the tax year ended 5 April 2013.
New Ordinary Shares of nominal value 1 penny per share in Albion Income & Growth
VCT PLC were issued under the Offer (which was launched on 1 November 2011) on
31 May 2012 at an issue price of 69.8 pence per New Ordinary Share.
Applications for 106,806 New Ordinary Shares in Albion Income & Growth VCT PLC
were received.
The net proceeds of the Offer for this allotment are approximately GBP71,000
bringing the total raised by the Company by way of the issue of new shares in
the last 12 months to approximately GBP1,574,000 (representing approximately 5.3%
of the issued share capital).
Application has been made to the Financial Services Authority for 106,806 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
New Shares will commence on or before 8.00 a.m. on 6 June 2012.
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 31 May 2012 consists of
47,201,159 Ordinary shares with a nominal value of 1 penny 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 42,650,292, 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
31 May 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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