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 and Capital

LEI Code 213800SYIQPA3L3T1Q68

The second allotment for the 2021/2022 tax year of new ordinary shares of nominal value 1 penny per share ("New Shares") in Crown Place 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 31 March 2022.

The Company has received valid applications for 1,838,353 New Shares which will be allotted at an issue price of 33.8 pence per share. The net proceeds receivable by the Company for this allotment is approximately GBP0.6 million, bringing net total raised to date under the prospectus to GBP11.0 million. 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.

Application has been made to the Financial Conduct Authority for 1,838,353 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 ordinary shares in issue.

The record date in respect of the dividend of 0.84 pence per share paid on 31 March 2022 was 11 March 2022, and as a result, the New Shares did not qualify for this dividend.

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 GBP91.8 million relates to this tax year 2021/2022).

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 31 March 2022 consists of 288,308,559 ordinary shares with a nominal value of 1 penny each. The Company holds 33,251,258 ordinary shares in Treasury.

Therefore, the total number of voting rights in the Company is 255,057,301, 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

1 April 2022

(END) Dow Jones Newswires

April 01, 2022 05:45 ET (09:45 GMT)

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