Crown Place VCT PLC Issue Of Equity And Total Voting Rights

 
TIDMCRWN 
 
 
   CROWN PLACE VCT PLC 
 
   The first allotment for the tax year 5 April 2017, of New Ordinary 
shares of nominal value 10 pence per share in Crown Place VCT PLC (the 
"Company") under the Albion VCTs Prospectus Top Up Offers 2015/2016 (the 
"Offers"), (which was launched on 17 November 2015) took place on 6 
April 2016. This is the final allotment of shares under the Offers. 
 
   Pursuant to the Prospectus, for applications received before 29 January 
2016, 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 271,378 New Ordinary 
shares at an issue price of 29.7 pence per share from existing 
shareholders, 30,758 New Ordinary shares at an issue price of 29.8 pence 
per share for new subscribers and a further 123,968 New Ordinary shares 
at an issue price of 30.0 pence per share, which was not subject to a 
discount. The net proceeds for this allotment by the Company are 
approximately GBP124,000. 
 
   Application has been made to the Financial Conduct Authority for 426,104 
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 8 April 2016. 
 
   As at this allotment on 6 April 2016, the total raised by the Company 
under its Offer was GBP5,891,000. 
 
   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 GBP36 million. 
 
   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 6 April 2016 consists of 141,097,990 
Ordinary shares with a nominal value of 10 pence each. The Company holds 
11,856,410 Ordinary shares in Treasury. 
 
 
 
   Therefore, the total number of voting rights in the Company is 
129,241,580, 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 
 
   6 April 2016 
 
   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: Crown Place VCT PLC via Globenewswire 
 
   HUG#2001220 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

April 06, 2016 09:08 ET (13:08 GMT)

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