Albion Tech&Gen VCT Issue Of Equity And Total Voting Rights

 
TIDMAATG 
 
 
   Issue of Equity and Total Voting Rights 
 
   ALBION TECHNOLOGY & GENERAL VCT PLC 
 
   LEI Code 213800TKJUY376H3KN16 
 
   The second and final allotment for the 2018/2019 tax year of new 
ordinary shares of nominal value 1 penny per share in Albion Technology 
& General VCT PLC (the "Company") under the Albion VCTs Prospectus Top 
Up Offers 2018/19 (the "Offers"), (which was launched on 7 January 2019) 
took place on 5 April 2019. 
 
   The Company has received valid applications for 1,795,802 new ordinary 
shares which will be allotted at an issue price of 79.4 pence per share. 
The net proceeds receivable by the Company for this allotment is 
approximately GBP1,390,000, bringing net total raised to date under the 
prospectus to GBP7,510,000. The issue price 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 
1,795,802 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 9 April 2019. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. As at 5 April 2019, the total amount 
raised across the Albion VCTs under the Offers was GBP48m (of which 
GBP2.6m relates to tax year 2019/2020). As announced on 5 April 2019 the 
Company reached its GBP8m limit under its offer and has now closed to 
further applications. 
 
   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 5 April 2019 consists of 128,411,898 
ordinary shares with a nominal value of 1 penny each. The Company holds 
16,511,470 ordinary shares in Treasury. 
 
   The total number of voting rights in the Company is 111,900,428, 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 
 
   5 April 2019 
 
 
 
 

(END) Dow Jones Newswires

April 05, 2019 11:16 ET (15:16 GMT)

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