Albion Venture Capital Trust PLC
The final allotment for the Albion VCTs Linked Top Up Offer (the 'Offer') took
place on 16 May 2011. The Offer is now closed. The total raised under the Offer
across seven funds managed by Albion Ventures LLP was £11.78m.
The allotment on 16 May 2011 is in respect of the tax year ended 5 April 2012.
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
2010) on 16 May 2011 at an issue price of 83.1 pence per New Ordinary Share.
Applications equivalent to 43,662 New Ordinary Shares in Albion Venture Capital
Trust PLC were received.
The net proceeds of the Offer for this allotment are approximately £34,000
bringing the total to date for Albion Venture Capital Trust PLC to approximately
£1.65m.
Application has been made to the Financial Services Authority for 43,662 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 25 May 2011.
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 16 May 2011 consists of
38,329,927 Ordinary shares with a nominal value of 50p each. Albion Venture
Capital Trust PLC holds 2,043,273 Ordinary shares in Treasury.
Therefore, the total number of voting rights in Albion Venture Capital Trust PLC
is 36,286,654 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 020 7601 1850
Albion Ventures LLP
18 May 2011
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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 Venture Capital Trust PLC via Thomson Reuters ONE
[HUG#1516868]
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