Albion Dev VCT Albion Development Vct Plc - Ordinary Shares : Issue Of Equity And Total Voting Rights

 
TIDMAADV 
 
 
   The first allotment for the tax year 5 April 2015, of New Ordinary 
shares of nominal value 1 penny per share in Albion Development VCT PLC 
(the "Company") under the Albion VCTs Prospectus Top Up Offers 2014/2015 
(the "Offers"), (which was launched on 17 November 2014) took place on 
30 January 2015. 
 
   Pursuant to the Prospectus, the Company offered a 1% discount on issue 
costs to existing shareholders and 0.5% discount on issue costs to new 
subscribers. The cost of these discounts is being borne by the Manager, 
Albion Ventures LLP. The Company has received applications for 1,287,521 
New Ordinary shares at an issue price of 72.9 pence per share from 
existing shareholders and 693,078 New Ordinary shares at an issue price 
of 73.2 pence per share for new subscribers. The net proceeds for this 
allotment by the Company are approximately GBP1,415,000. 
 
   Application has been made to the Financial Conduct Authority for 
1,980,599 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. 
 
   It is expected that admission will become effective, and that dealings 
in the shares will commence on or before 8.00 a.m. on 4 February 2015. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. The Offers will remain open until 30 
September 2015 unless they are fully subscribed before this date. 
 
   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 30 January 2015 consists of 43,814,804 
Ordinary shares and 6,413,822 D shares, both with a nominal value of 1 
penny each. The Company holds 4,306,700 Ordinary shares and 25,625 D 
shares in Treasury. 
 
   Therefore the total number of voting rights in the Company is 39,508,104 
in respect of Ordinary shares and 6,388,197 in respect of D shares 
giving a total voting rights of 45,896,301, 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, the Company under the FCA's Disclosure and 
Transparency rules. 
 
   For further information, please contact: 
 
   Patrick Reeve 
 
   020 7601 1850 
 
   30 January 2015 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 Development VCT PLC - Ordinary Shares via Globenewswire 
 
   HUG#1890807 
 
 
  http://www.closeventures.co.uk