Albion Venture Capital Trust PLC : Issue of Equ...

Albion Venture Capital Trust PLC

The final allotment for the Albion VCTs Linked Top Up Offer 2011/2012 (the 'Offer') took place on 31 May 2012. The Offer is now closed. The total raised under the Offer across seven of the funds managed by Albion Ventures LLP was £10.5m. The offer constitutes separate offers made by each of the participating VCTs.

The allotment on 31 May 2012 is in respect of the tax year ended 5 April 2013.

New Ordinary Shares of nominal value 50 pence per share in Albion Venture Capital Trust PLC were issued under the Offer (which was launched on 1 November 2011) on 31 May 2012 at an issue price of 83.8 pence per New Ordinary Share.

Applications for 88,960 New Ordinary Shares in Albion Venture Capital Trust PLC were received.

The net proceeds of the Offer for this allotment are approximately £71,000 bringing the total raised by the Company by way of the issue of new shares in the last 12 months to approximately £1,587,000 (representing approximately 5% of the issued share capital).

Application has been made to the Financial Services Authority for 88,960 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 New Shares will commence on or before 8.00 a.m. on 6 June 2012.

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 Venture Capital Trust PLC's capital as at 31 May 2012 consists of 40,348,003 Ordinary shares with a nominal value of 50 pence each. Albion Venture Capital Trust PLC holds 3,079,373 Ordinary shares in Treasury.

Therefore, the total number of voting rights in Albion Venture Capital Trust PLC is 37,268,630, 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 Venture Capital Trust PLC under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Patrick Reeve
Albion Ventures LLP
020 7601 1850

31 May 2012

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Source: Albion Venture Capital Trust PLC via Thomson Reuters ONE

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