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

 
TIDMAATG 
 
 
   ALBION TECHNOLOGY & GENERAL VCT PLC 
 
   Issue of Equity and Total Voting Rights 
 
   LEI Code 213800TKJUY376H3KN16 
 
   The first and final allotment for the 2021/2022 tax year of new ordinary 
shares of nominal value 1 penny per share ("New Ordinary Shares") in 
Albion Technology & General VCT PLC (the "Company") under the Albion 
VCTs Prospectus Top Up Offers 2020/21 (the "Offers"), (which was 
launched on 5 January 2021) took place on 9 April 2021. 
 
   Pursuant to the prospectus setting out details of the Offers 
("Prospectus"), the Company offered an early bird discount of 1% on 
issue costs to existing shareholders in the Companies and 0.5% on issue 
costs to new subscribers. These early bird discounts were available to 
investors who subscribed for New Ordinary Shares for the first GBP10 
million received by 2 p.m. on 26 February 2021 across the five VCTs 
participating in the Offers. 
 
   The Company has received valid applications under the Offers for the 
2021/2022 tax year for 175,959 New Ordinary Shares which will be 
allotted at an issue price of 70.5 pence per share from existing 
shareholders in the Companies and 16,384 New Ordinary Shares allotted at 
an issue price of 70.8 pence per share for new subscribers, both of 
which qualified for the early bird discount. A further 497,978 New 
Ordinary Shares will be allotted at an issue price of 71.2 pence per 
share (which did not qualify for the early bird discount). The total net 
proceeds receivable by the Company for these allotments is approximately 
GBP0.5 million, bringing net total raised by the Company under the 
Prospectus to GBP15.1 million. 
 
   Application has been made to the Financial Conduct Authority for 690,321 
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 to the Official List will become effective 
and that dealings in the New Ordinary 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 GBP58.5 million (of 
which GBP2.3 million relates to this tax year 2021/2022). 
 
   Following this allotment and in conformity with the provisions of DTR 
5.6, the Company makes the following notifications in connection with 
its issued share capital: 
 
   The Company's capital as at 9 April 2021 consists of 152,522,591 
ordinary shares with a nominal value of 1 penny each. The Company holds 
18,196,470 ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
134,326,121 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 
 
   9 April 2021 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 09, 2021 11:47 ET (15:47 GMT)

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