Kings Arms Yard Issue Of Equity And Total Voting Rights
March 28 2017 - 4:39AM
UK Regulatory
TIDMKAY
KINGS ARMS YARD VCT PLC
The final allotment for the tax year 5 April 2017, of New Ordinary
shares of nominal value 1 penny per share in Kings Arms Yard 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 8,437,199 New Ordinary shares
at an issue price of 22.1 pence per share. The net proceeds for this
allotment by the Company are approximately GBP1,809,000.
Application has been made to the Financial Conduct Authority for
8,437,199 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 total raised by the Company under its Offer is GBP5,824,000, of
which GBP257,000 relates to tax year 2017/2018.
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).
The record date of the dividend of 1 penny per share paid on 28 April
2017 is 7 April 2017, and as a result, the New Ordinary shares will
qualify for this dividend.
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 310,789,041
Ordinary shares with a nominal value of 1 penny each. The Company holds
36,375,000 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is
274,414,041 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 213800DK8H27QY3J5R45
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: Kings Arms Yard VCT PLC via Globenewswire
http://www.sparkventures.com
(END) Dow Jones Newswires
March 28, 2017 04:39 ET (08:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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