21 May 2010
Albion Technology & General VCT plc
Issue of Equity
Albion Technology & General VCT plc (the "Company") announces that, further to
the Dividend Reinvestment Scheme introduced by the Company (details of which
were set out in the Circular issued to shareholders on 18 April 2008), the
Company today allotted 33,738 Ordinary shares of 50p each (the "New Ordinary
shares") and 57,168 C ordinary shares of 50p each (the "New C ordinary shares")
in the capital of the Company. The New Ordinary shares were issued at a price
of 88.7p, comprising the net asset value at 31 December 2009 less the dividend
of 4 pence per Ordinary share. The New C ordinary shares were issued at a price
of 71.2p, comprising the net asset value at 31 December 2009 less the dividend
of 1.5 pence per C ordinary share.
Accordingly, application has been made to the UK Listing Authority for the
admission of the New Ordinary shares and the New C ordinary shares to the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's main market for listed securities and it is expected that dealings
will commence on 24 May 2010. The New Ordinary shares and New C ordinary shares
will rank pari passu in all respects with the existing Ordinary and C ordinary
shares in issue.
Following the issue of the New Ordinary and New C ordinary shares, Albion
Technology & General VCT PLC's capital as at 21 May 2010 consists of 13,735,783
ordinary shares and 35,714,640 C ordinary shares. Albion Technology & General
VCT PLC holds 868,094 Ordinary shares and 1,417,032 C shares in Treasury.
Therefore the total number of voting rights in Albion Technology & General VCT
PLC is 47,165,297 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 Technology & General VCT
PLC under the FSA's Disclosure and Transparency rules.
For further information, please contact:
Isabel Dolan
Albion Ventures LLP
Tel:Â Â Â Â Â 020 7601 1850
[HUG#1418043]
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