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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Albion Development Vct Plc | LSE:AADV | London | Ordinary Share | GB0004832472 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 87.00 | 85.50 | 88.50 | 87.00 | 87.00 | 87.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 558k | -2.25M | -0.0166 | -52.41 | 117.98M |
TIDMAADV Issue of Equity and Total Voting Rights and Capital ALBION DEVELOPMENT VCT PLC LEI Code 213800FDDMBD9QLHLB38 The first allotment for the 2019/2020 tax year 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 2019/20 (the "Offers"), (which was launched on 22 October 2019) took place on 31 January 2020. Pursuant to the Prospectus, the Company offered an early bird discount of 1% on issue costs to existing shareholders and 0.5% on issue costs to new subscribers. These early bird discounts were available to investors who subscribed for new shares for the first GBP10m by 2 p.m. on 31 January 2020 across the five VCTs participating in the Offers. The cost of these discounts is being borne by the Manager, Albion Capital Group LLP. The issue pricing of the new shares has been calculated to avoid any capital dilution to existing shareholders who do not participate in the Offers. The Company has received valid applications for 1,843,797 new ordinary shares which will be allotted at an issue price of 84.8 pence per share from existing shareholders and 401,498 new ordinary shares allotted at an issue price of 85.3 pence per share for new subscribers, both of which qualified for the early bird discount. A further 6,789,082 new ordinary shares will be allotted at an issue price of 85.7 pence per share (which did not qualify for the early bird discount). The total net proceeds receivable by the Company for this allotment is approximately GBP7.6m. Application has been made to the Financial Conduct Authority for 9,034,377 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 3 February 2020. The Offers which constitute separate offers have been fully subscribed and all have been closed to further applications. The total amount raised across the Albion VCTs under the Offers is GBP34m (of which GBP32.5m relates to this tax year 2019/2020). Following this allotment and in conformity with the provisions of DTR 5.6, we make the following notifications in connection with the issued share capital of the Company: The Company's capital as at 31 January 2020 consists of 102,862,682 ordinary shares with a nominal value of 1 penny each. The Company holds 10,350,156 ordinary shares in Treasury. Therefore, the total number of voting rights in the Company is 92,512,526, 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 Guidance and Transparency Rules. For further information, please contact: Albion Capital Group LLP Company Secretary 020 7601 1850 31 January 2020
(END) Dow Jones Newswires
January 31, 2020 10:35 ET (15:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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