Albion Enterprise VCT PLC : Issue of Equity & T...

ALBION ENTERPRISE VCT PLC

The final allotment, for the tax year ending 5 April 2012, of New Ordinary shares of nominal value 50 pence per share in Albion Enterprise VCT PLC under the Albion VCTs Linked Top Up Offer 2011/2012 (which was launched on 1 November 2011) took place on 5 April 2012 at an issue price of 87.8 pence per New Ordinary share.

Applications for 755,882 New Ordinary shares in Albion Enterprise VCT PLC were received.

The net proceeds for this allotment by the Company are approximately £627,000 bringing the total raised by the Company by way of the issue of new shares in the last 12 months to approximately £1,522,000 (representing approximately 5.4% of the issued share capital).

Application has been made to the Financial Services Authority for 755,882 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.

It is expected that admission will become effective and that dealings in the shares will commence on or before 8.00 a.m. on 10 April 2012.

As at this third closing of the Albion VCTs Linked Top Up Offer 2011/2012 on 5 April 2012 the total raised under the Offer was £10 million (including amounts reinvested). The Offer constitutes separate offers made by each of the participating Albion VCTs.

The offer remains open until 31 May 2012 for the 2012/2013 tax year.

Following this allotment, and in conformity with the Transparency Directive's transitional provision 6, we would like to notify the market of the following:

Albion Enterprise VCT PLC's capital as at 5 April 2012 consists of 34,161,728 Ordinary shares with a nominal value of 50p each.  Albion Enterprise VCT PLC holds 473,010 Ordinary shares in Treasury.

Therefore, the total number of voting rights in Albion Enterprise VCT PLC is 33,688,718, which may be used by shareholders 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, Albion Enterprise VCT PLC under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Patrick Reeve Albion Ventures LLP
020 7601 1850

5 April 2012

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Source: Albion Enterprise VCT PLC via Thomson Reuters ONE

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