Director/PDMR Shareholding

Director/PDMR Shareholding

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


1. Name of the issuer
 
Albion Development VCT PLC
 
2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; or
 
(ii) 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
 
Ed Lascelles                  (Partner - Albion Ventures LLP, the Investment Manager)
Vikash Hansrani          (Finance Director - 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 or 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
 
Edward Lascelles:        4,199 Ordinary shares and 10,400 D shares (direct holding)
Vikash Hansrani:         1,342 Ordinary shares (direct holding)
 
8. State the nature of the transaction
 
Issue of New Ordinary shares under the first allotment of the Albion VCTs Prospectus Top Up Offers 2014/2015
 
9. Number of shares, debentures or financial instruments relating to shares acquired
 
Edward Lascelles:        1,828 Ordinary shares
Vikash Hansrani:         2,057 Ordinary shares
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.010% (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
 
£0.729 pence per New Ordinary share
 
14. Date and place of transaction
 
30 January 2015 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)
 
Edward Lascelles:        6,027 Ordinary shares (0.015%) and 10,400 D shares (0.163%)
Vikash Hansrani:         3,399 Ordinary shares (0.009%)
 
16. Date issuer informed of transaction
 
2 February 2015
 
Notes
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
(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.
 
Name of contact and telephone number for queries
 
Vikash Hansrani - tel: 020 7601 1850
Finance Director of Albion Ventures LLP as Company Secretary to Albion Development VCT PLC
 
2 February 2015


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#1891202

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