Trade Now

Capital at risk Advertisement
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 0.0% 90.50 89.00 92.00 90.50 90.50 90.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.0 0.0 4,525.0 83

Albion Dev VCT Issue Of Equity And Total Voting Rights And Capital

01/04/2022 10:45am

UK Regulatory (RNS & others)

Albion Development Vct (LSE:AADV)
Historical Stock Chart

From Feb 2022 to Aug 2022

Click Here for more Albion Development Vct Charts.


Issue of Equity and Total Voting Rights and Capital


The second allotment for the 2021/2022 tax year of new ordinary shares of nominal value 1 penny per share ("New Shares") in Albion Development VCT PLC (the "Company") under the Albion VCTs Prospectus Top Up Offers 2021/22 (the "Offers"), (which was launched on 6 January 2022) took place on 31 March 2022.

The Company has received valid applications for 7,756,832 New Shares which will be allotted at an issue price of 97.5 pence per share. The net proceeds receivable by the Company for this allotment is approximately GBP7.4 million, bringing net total raised to date under the prospectus to GBP19.6 million. 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.

Application has been made to the Financial Conduct Authority for 7,756,832 New Shares to be admitted to the Official List and to the London Stock Exchange for the New Shares to be admitted to trading on the London Stock Exchange's market for listed securities. The New Shares rank pari passu with the existing ordinary shares in issue.

It is expected that admission to the Official List will become effective and that dealings in the New Shares will commence within three Business Days following allotment.

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 GBP96.5 million (of which GBP91.8 million relates to this tax year 2021/2022).

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 March 2022 consists of 137,405,410 ordinary shares with a nominal value of 1 penny each. The Company holds 13,946,475 ordinary shares in Treasury.

Therefore, the total number of voting rights in the Company is 123,458,935, 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:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP

Company Secretary

020 7601 1850

1 April 2022


(END) Dow Jones Newswires

April 01, 2022 05:45 ET (09:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Albion Development Vct Chart

1 Year Albion Development Vct Chart

1 Month Albion Development Vct Chart

1 Month Albion Development Vct Chart
ADVFN Advertorial
Your Recent History
Albion Dev..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220815 00:04:13