Albion Dev VCT Issue Of Equity And Total Voting Rights

 
TIDMAADV 
 
 
   Albion Development VCT PLC 
 
   Issue of Equity and Total Voting Rights 
 
   Albion Development VCT PLC (the "Company") announces that, further to 
the Dividend Reinvestment Scheme (details of which were set out in the 
Circular issued to shareholders December 2011), the Company allotted 
283,909 Ordinary shares of 1 penny each (the "New Ordinary shares") in 
the capital of the Company on 30 September 2015. The New Ordinary shares 
were issued at a price of 71.20p per Ordinary share, comprising the most 
recent net asset value less the dividend of 2.5 pence per Ordinary 
share. 
 
   Of the 283,909 New Ordinary shares allotted on 30 September 2015, an 
application has been made to the UK Listing Authority for the admission 
of 136,017 New Ordinary shares to the Official List of the UK Listing 
Authority and to trading on the London Stock Exchange's main market for 
listed securities and it is expected that dealings will commence on or 
before 1 October 2015. The New Ordinary shares will rank pari passu in 
all respects with the existing Ordinary shares in issue. 
 
   A further application will be made to the UK Listing Authority for 
114,291 shares to be admitted to the Official List of the UK Listing 
Authority and to trading on the London Stock Exchange's main market for 
listed securities. It is expected that dealings will commence on or 
before 8 October 2015. The New Ordinary shares will rank pari passu in 
all respects with the existing Ordinary shares in issue. 
 
   A final application will be made to the UK Listing Authority for the 
33,601 remaining shares to be admitted to the Official List of the UK 
Listing Authority and to trading on the London Stock Exchange's main 
market for listed securities. It is expected that dealings will commence 
on or before 15 October 2015. The New Ordinary shares will rank pari 
passu in all respects with the existing Ordinary shares in issue. 
 
   Following the issue of the New Ordinary shares, the capital of the 
Company as at 30 September 2015 consists of 59,057,460 Ordinary shares 
of which 4,904,700 Ordinary shares are held in treasury. 
 
   Therefore the total number of voting rights in the Company is 54,152,760 
which may be used by shareholders or 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 Rules and Transparency Rules. 
 
   For further information, please contact: 
 
   Vikash Hansrani 
 
   Albion Ventures LLP 
 
   30 September 2015 
 
   Tel: [phone] 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 Development VCT PLC - Ordinary Shares via Globenewswire 
 
   HUG#1955550 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

September 30, 2015 04:22 ET (08:22 GMT)

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