Doc re. Reduction in nominal value and cancella...

Albion Development VCT PLC

Reduction in nominal value and cancellation of capital redemption and share premium reserves

Albion Development VCT PLC (the 'Company') obtained authority to reduce the nominal value of its Ordinary shares and its D shares from 50 pence to one penny, and to cancel the Ordinary shares and D shares capital redemption and share premium reserves, at the Annual General Meeting on 15 June 2012. The purpose of these proposals was to increase the distributable reserves available to the Company for the payment of dividends, the buy-back of shares, and for other corporate purposes.

These proposals received the consent of the Court on 11 July 2012, and the changes have been registered at Companies House. Therefore, with effect from 11 July 2012, the share capital of the Company will have a nominal value of 1 penny per share.

New share certificates will not be issued following these changes and existing certificates will remain valid.

For further information, please contact Isabel Dolan, Albion Ventures LLP 020 7601 1850.
11 July 2012

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

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