Director/PDMR Shareholding

Director/PDMR Shareholding

ALBION TECHNOLOGY & GENERAL 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 Technology & General 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
 
P. H. Reeve (Director and Managing Partner - Albion Ventures LLP, the Investment Manager)
A. Elder (Partner - Albion Ventures LLP), D. Gudgin (Partner - Albion Ventures LLP), C. Ruedig (Investment Manager - Albion Ventures LLP), Sir E. Burton (Director)
 
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
 
P. H. Reeve and Sir E. Burton are Directors of Albion Technology & General VCT PLC. The other individuals referred to in 3 above are 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 of 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 50p each
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
 
P. H. Reeve - 247,689 Shares (direct holding), 73,450 Shares (nominee holdings) and 8,646 Shares (family members)
E. Burton -         2,085 Shares (direct holding) and 51,813 Shares (nominee holdings)
A. Elder -         14,166 Shares
D. Gudgin -      34,492 Shares
C. Ruedig   -      3,509 Shares
 
 
8. State the nature of the transaction
 
Issue of New Ordinary shares under Dividend Reinvestment Scheme
 
9. Number of shares, debentures or financial instruments relating to shares acquired
 
P. H. Reeve (incl. family members)                    7,676  Shares
E. Burton                                                             63 Shares
A. Elder                                                              428 Shares
D. Gudgin                                                        1,043 Shares
C. Ruedig                                                            106 Shares
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.023%
 
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
 
£0.826 per New Ordinary share
 
14. Date and place of transaction
 
Dividend reinvestment scheme - allotment date 30 April 2012. Share certificates sent out to shareholders within 7 business days.
 
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
 
P. H. Reeve - 255,186 Shares (direct holding), 73,450 Shares (nominee holding) and 8,825 Shares (Family members) - (in total: 0.825%)
E. Burton -    2,148 Shares (direct holding) and 51,813 shares (nominee holding) - (in total: 0.132%)
A. Elder -    14,594 Shares     (0.036%)
D. Gudgin - 35,535 Shares     (0.087%)
C. Ruedig -    3,615 Shares    (0.009%)
 
16. Date issuer informed of transaction
 
30 April 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 Technology & General VCT PLC
 
30 April 2012


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Albion Technology & General VCT PLC - Ordinary Shares via Thomson Reuters ONE
HUG#1607466

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