Crown Place VCT PLC Issue Of Equity And Total Voting Rights

 
TIDMCRWN 
 
 
   CROWN PLACE VCT PLC 
 
   The final 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 28 
March 2017. 
 
   The Company has received applications for 6,540,425 New Ordinary shares 
at an issue price of 30.8 pence per share. The net proceeds for this 
allotment by the Company are approximately GBP1,954,000. 
 
   Following the Company's announcement closing the Offers to further 
applications on 22 February 2017 and separately, the ending of the 
closed period on 28 February 2017, pursuant to Market Abuse Regulations 
("MAR"), which prohibit Directors' of a company dealing in its own 
shares during a closed period, the Company has also allotted 32,467 
shares outside the Offers to Penny Freer, a Director of the Company, at 
an issue price of 30.8 pence per share. If the Company had not been in a 
closed period this allotment could have been applied for and would have 
been accepted under the terms of the Offers. In the circumstances the 
application for and allotment of these shares were accepted and made 
outside the terms of the Offers, but were otherwise made on the same 
terms and conditions, including the price, as investors under the 
Offers. The net proceeds for this allotment after the application of the 
same pricing formula used under the Offers are therefore GBP9,700. 
 
   Applications has been made to the Financial Conduct Authority for 
6,540,425 and 32,467 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 record date of the dividend of 1 penny per share payable on 31 March 
2017 was 10 March 2017, and as a result, the New Ordinary shares would 
not qualify for this dividend. 
 
   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 160,779,195 
Ordinary shares with a nominal value of 10 pence each. The Company holds 
14,127,410 Ordinary shares in Treasury. 
 
 
 
   Therefore, the total number of voting rights in the Company is 
146,651,785 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 213800SYIQPA3L3T1Q68 
 
   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

March 28, 2017 04:34 ET (08:34 GMT)

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