Crown Place VCT PLC Issue Of Equity And Total Voting Rights And Capital

 
TIDMCRWN 
 
 
   CROWN PLACE VCT PLC 
 
   Issue of Equity and Total Voting Rights 
 
   LEI Code 213800SYIQPA3L3T1Q68 
 
   The first allotment for the 2020/2021 tax year of new ordinary shares of 
nominal value 1 penny per share ("New Ordinary Shares") in Crown Place 
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 26 February 2021. 
 
   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 
26 February 2021 across the five 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 4,058,515 which will be 
allotted at an issue price of 31.7 pence per share from existing 
shareholders and 1,224,514 allotted at an issue price of 31.8 pence per 
share for new subscribers, both of which qualified for the early bird 
discount. A further 21,684,450 will be allotted at an issue price of 
32.0 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 GBP8.4 million. 
 
   Application has been made to the Financial Conduct Authority for 
26,967,479 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 GBP56.2 million relates to this tax year 2020/2021). 
 
   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 26 February 2021 consists of 249,913,149 
ordinary shares with a nominal value of 1 penny each. The Company holds 
26,295,228 ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
223,617,921 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 
 
   1 March 2021 
 
 
 
 

(END) Dow Jones Newswires

March 01, 2021 06:10 ET (11:10 GMT)

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