Albion EnterpriseVCT Issue Of Equity And Total Voting Rights

 
TIDMAAEV 
 
 
   ALBION ENTERPRISE VCT PLC 
 
 
 
   LEI Code 213800OVSRDHRJBMO720 
 
 
 
   The first allotment for the 2018/2019 tax year of new ordinary shares of 
nominal value 1 penny per share in Albion Enterprise VCT PLC (the 
"Company") under the Albion VCTs Prospectus Top Up Offers 2017/18 (the 
"Offers"), (which was launched on 6 September 2017) took place on 11 
April 2018.  This is the final allotment of shares under the Offers. 
 
 
 
   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 GBP10m by 2.00 p.m. on 31 
October 2017 across the five VCTs participating in the Offers. The cost 
of these discounts is being borne by the Manager, Albion Capital Group 
LLP. 
 
 
 
   The Company has received valid applications for 77,861 new ordinary 
shares at an issue price of 103.0 pence per share from existing 
shareholders and 5,603 new ordinary shares at an issue price of 103.5 
pence per share for new subscribers, both of which qualified for the 
early bird discount. A further 123,485 new ordinary shares will be 
allotted at an issue price of 104.0 pence per share (which did not 
qualify for the early bird discount). The net proceeds for this 
allotment by the Company are approximately GBP210,000, bringing the 
total net raised under the Prospectus for the Company of GBP5,865,000. 
 
 
 
   Application has been made to the Financial Conduct Authority for 206,949 
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 13 April 2018. 
 
 
 
   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 GBP32 million gross. 
 
 
 
   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 11 April 2018 consists of 64,576,487 
ordinary shares with a nominal value of 1 penny each. The Company holds 
7,270,443 ordinary shares in Treasury. 
 
 
 
   Therefore, the total number of voting rights in the Company is 
57,306,044, 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 
 
   020 7601 1850 
 
 
 
   11 April 2018 
 
   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: Albion Enterprise VCT PLC via Globenewswire 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

April 11, 2018 03:09 ET (07:09 GMT)

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