Albion Tech&Gen VCT Issue Of Equity And Total Voting Rights
March 28 2017 - 4:18AM
UK Regulatory
TIDMAATG
ALBION TECHNOLOGY & GENERAL VCT PLC
The final allotment for the tax year 5 April 2017, of New Ordinary
shares of nominal value 1 penny per share in Albion Technology & General
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 2,800,677 New Ordinary shares
at an issue price of 72.8 pence per share. The net proceeds for this
allotment by the Company are approximately GBP1,978,000.
Application has been made to the Financial Conduct Authority for
2,800,677 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 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 108,962,604
Ordinary shares with a nominal value of 1 penny each. The Company holds
10,705,070 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
98,257,534 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 213800TKJUY376H3KN16
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: Albion Technology & General VCT PLC - Ordinary Shares via
Globenewswire
http://www.closeventures.co.uk
(END) Dow Jones Newswires
March 28, 2017 04:18 ET (08:18 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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