Director/PDMR Shareholding

ALBION DEVELOPMENT VCT PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

Albion Development VCT PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; or

(ii) 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. Name of person discharging managerial responsibilities/director

J. G. T. Thornton (Director of Albion Development VCT PLC)

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Late family member

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 and family holding of the individual referred to in 3 above.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 1p each

7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

J. G. T. Thornton - 65,840 Ordinary shares

Shares held by nominee - 20,000 Ordinary shares

Shares held by the Late family member - 26,787 Ordinary shares

8. State the nature of the transaction

Transfer of shares

9. Number of shares, debentures or financial instruments relating to shares acquired

J. G. T. Thornton 26,787 Ordinary shares

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.049% Ordinary shares

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

£0.00 consideration per Ordinary share

14. Date and place of transaction

12 October 2015 - London Stock Exchange

15. Total holding following notification and total percentage of share class holding following notification (any treasury shares should not be taken into account when calculating percentage)

J. G. T. Thornton - 92,627 Ordinary shares

Shares held by nominee - 20,000 Ordinary shares (in total 0.205%)

16. Date issuer informed of transaction

12 October 2015

Name of contact and telephone number for queries

Vikash Hansrani

Tel: 020 7601 1850

Finance Director of Albion Ventures LLP as Company Secretary to Albion Development VCT PLC

12 October 2015

Notes

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

(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.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire

HUG#1958276

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Albion Development VCT (AADV)

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