Albion Development VCT PLC - Ordinary Shares : ...

Albion Development VCT PLC - Ordinary Shares : Director/PDMR Shareholding

ALBION DEVELOPMENT VCT PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).
 
(1)  An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24 - see below.
(2)  An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 - N/A.
(3)  An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24 - N/A.
(4)  An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.
 
1. Name of the issuer
 
Albion Development VCT PLC
 
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
 
(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the Companies Act 2006; or
 
(iii) both (i) and (ii)
 
Notification in accordance with (iii)
 
3. Names of persons discharging managerial responsibilities/director
 
                                       
Patrick Reeve:              (Managing Partner - Albion Venture LLP, the investment manager)
Emil Gigov:                   (Partner - Albion Ventures LLP)
William Fraser-Allen    (Partner - Albion Ventures LLP)
Robert Whitby-Smith (Partner - Albion Ventures LLP)
E. Lascelles:                  (Partner - Albion Ventures LLP)
Andrew Elder:               (Partner - Albion Ventures LLP)
Christoph Ruedig:        (Investment Manager - Albion Ventures LLP)
Isabel Anstis:                (Partner - Albion Ventures LLP)
William Jenkins:           (Staff - Albion Ventures LLP)
 
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
 
The individuals referred to in 3 above are members of staff of Albion Ventures LLP, the Investment Manager.
 
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
 
The notification is in respect of direct holdings for the individuals referred to in 3 above.
 
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
 
New Ordinary shares of 1 penny each
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
                                       
Patrick Reeve:              13,292 Ordinary shares and 38,108 D shares
Emil Gigov:                   3,952 Ordinary shares 10,400 and D shares
William Fraser-Allen    3,952 Ordinary shares and 12,480 D shares
Robert Whitby-Smith 3,952 Ordinary shares and 10,400 D shares
E. Lascelles:                  1,947 Ordinary shares and 10,400 D shares
Andrew Elder:               2,228 Ordinary shares and 10,400 D shares
Christoph Ruedig:        4,290 Ordinary shares
Isabel Anstis:                4,955 Ordinary shares and 10,400 D shares
William Jenkins:           1,947 Ordinary shares and 10,400 D shares
 
8. State the nature of the transaction
 
Issue of New Ordinary shares allotted under the Albion VCTs Top Up Offers 2012/2013
 
9. Number of shares, debentures or financial instruments relating to shares acquired
                                       
Patrick Reeve:              2,252 Ordinary shares
Emil Gigov:                   2,252 Ordinary shares
William Fraser-Allen    2,252 Ordinary shares
Robert Whitby-Smith 2,252 Ordinary shares
E. Lascelles:                  2,252 Ordinary shares
Andrew Elder:               2,252 Ordinary shares
Christoph Ruedig:        6,758 Ordinary shares
Isabel Anstis:                2,252 Ordinary shares
William Jenkins:           2,703 Ordinary shares 
 
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.078% (Ordinary shares)
 
11. Number of shares, debentures or financial instruments relating to shares disposed
 
Nil
 
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
 
N/A
 
13. Price per share or value of transaction
 
£0.762 per New Ordinary share
 
14. Date and place of transaction
 
19 December 2012, London Stock Exchange.
 
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
                                                                               
Patrick Reeve:              15,544 Ordinary shares (0.048%) and 38,108 D shares (0.597%)
Emil Gigov:                   6,204 Ordinary shares (0.0190%) and 10,400 D shares (0.163%)
William Fraser-Allen     6,204 Ordinary shares (0.019%) and 12,480 D shares (0.196%)
Robert Whitby-Smith  6,204 Ordinary shares (0.019%) and 10,400 D shares (0.163%)
E. Lascelles:                  4,199 Ordinary shares (0.013%) and 10,400 D shares (0.163%)
Andrew Elder:               4,480 Ordinary shares (0.014%) and 10,400 D shares (0.171%)
Christoph Ruedig:        11,048 Ordinary shares (0.034%)
Isabel Anstis:                 7,207 Ordinary shares (0.022%) and 10,400 D shares (0.163%)
William Jenkins:           4,650 Ordinary shares (0.014%) and 10,400 D shares (0.163%)
 
16. Date issuer informed of transaction
 
19 December 2012
 
Name of contact and telephone number for queries
 
Isabel Dolan - tel: 020 7601 1850
Partner of Albion Ventures LLP as Company Secretary to Albion Development VCT PLC
 
20 December 2012


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Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE
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