Share Name Share Symbol Market Type Share ISIN Share Description
Albion Enterprise Vct Plc LSE:AAEV London Ordinary Share GB00B1G3LR35 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% 120.50 119.00 122.00 120.50 120.50 120.50 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.9 0.1 0.2 634.2 86

Albion EnterpriseVCT Issue Of Equity And Total Voting Rights And Capital

11/04/2022 2:00pm

UK Regulatory (RNS & others)

Albion Enterprise Vct (LSE:AAEV)
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Issue of Equity and Total Voting Rights and Capital

LEI Code 213800OVSRDHRJBM0720

The first and final allotment for the 2022/2023 tax year of new ordinary shares of nominal value 1 penny per share ("New Shares") in Albion Enterprise 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 11 April 2022.

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 received by 2 p.m. on 25 February 2022 across the six 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 133,797 New Shares which will be allotted at an issue price of 131.7 pence per share from existing shareholders and 17,745 New Shares allotted at an issue price of 132.4 pence per share for new subscribers, both of which qualified for the early bird discount. A further 492,987 New Shares will be allotted at an issue price of 133.0 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 GBP0.8 million, bringing net total raised to date under the prospectus to GBP21.0 million.

Application has been made to the Financial Conduct Authority for 644,529 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 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 GBP4.7 million relates to this tax year 2022/2023).

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 11 April 2022 consists of 102,356,334 ordinary shares with a nominal value of 1 penny each. The Company holds 12,195,568 ordinary shares in Treasury.

Therefore, the total number of voting rights in the Company is 90,160,766, 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

11 April 2022


(END) Dow Jones Newswires

April 11, 2022 09:00 ET (13:00 GMT)

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

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