Crown Place VCT PLC Issue Of Equity And Total Voting Rights

 
TIDMCRWN 
 
 
   CROWN PLACE VCT PLC 
 
   LEI Code 213800SYIQPA3L3T1Q68 
 
   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 2016/2017 (the 
"Offers"), (which was launched on 29 November 2016) took place on 31 
January 2017. 
 
   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. This early bird discount was available to investors whom 
subscribed for New Shares for the first GBP7.5m across the six VCTs 
participating in the Offers. The cost of these discounts is being borne 
by the Manager, Albion Ventures LLP. 
 
   The Company has received applications for 2,436,624 New Ordinary shares 
at an issue price of 30.4 pence per share from existing shareholders and 
987,718 New Ordinary shares at an issue price of 30.5 pence per share 
for new subscribers, both of which qualified for the early bird 
discount. A further 8,997,127 New Ordinary shares will be allotted at an 
issue price of 30.7 pence per share. The net proceeds for this allotment 
by the Company are approximately GBP3,699,000. 
 
   Application has been made to the Financial Conduct Authority for 
12,421,469 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 2 February 2017. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. As at this closing on 31 January 2017, in 
total, the amount raised across the Albion VCTs under the Offers was 
GBP25,295,000 (of which GBP1,185,000 relates to tax year 2017/2018) and 
will remain open until 29 September 2017 (unless 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 31 January 2017 consists of 154,206,303 
Ordinary shares with a nominal value of 10 pence each. The Company holds 
13,653,410 Ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
140,552,893, which may be used by shareholders and 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 
 
   1 February 2017 
 
   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: Crown Place VCT PLC via Globenewswire 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

February 01, 2017 06:38 ET (11:38 GMT)

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