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Albion Inc&Gth VCT (AAIG)

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Monday 01 July, 2013

Albion Inc&Gth VCT

Director/PDMR Shareholding

Director/PDMR Shareholding

ALBION INCOME & GROWTH 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 Income & Growth 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
 
M. Cordeiro                   (Director - Albion Income & Growth VCT PLC)
P. H. Reeve                    (Director - Albion Income & Growth VCT PLC and Managing Partner - Albion Ventures LLP, the Investment Manager)
A. Elder                          (Partner - Albion Ventures LLP)
E. Lascelles                    (Partner - Albion Ventures LLP)
D.Gudgin                        (Partner - Albion Ventures LLP)
C.Ruedig                        (Investment Manager- Albion Ventures LLP)
 
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
 
M Cordeiro and P Reeve are Directors of Albion Income & Growth VCT PLC, and the 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 1p each
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
 
M. Cordeiro                   4,977 Ordinary shares
P. H. Reeve                    151,107 Ordinary shares (direct holdings) and 100,000 Ordinary shares (Nominee holding)
A. Elder                          5,070 Ordinary shares
E. Lascelles                    12,404 Ordinary shares
C. Ruedig                       12,555 Ordinary shares
D. Gudgin                       15,322 Ordinary 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
 
M Cordeiro                    134 Ordinary shares
P. H. Reeve                    4,077 Ordinary shares
A. Elder                          137 Ordinary shares
E. Lascelles                    336 Ordinary shares
C.Ruedig                        339 Ordinary shares
D.Gudgin                        414 Ordinary shares   
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.012% (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
 
£0.6485 per New Ordinary share
 
14. Date and place of transaction
 
28 June 2013, London Stock Exchange
 
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
 
M.Cordeiro                    5,111 Ordinary shares (0.011%)
P.H.Reeve                     155,184 Ordinary shares (direct) 100,000 Ordinary shares (Nominee) (Total      combined 0.582%)                     
A. Elder                          5,207 Ordinary shares (0.012%)
E. Lascelles                    12,740 Ordinary shares (0.029%)
C.Ruedig                        12,894 Ordinary shares (0.029%)
D.Gudgin                        15,736 Ordinary shares (0.036%)
 
16. Date issuer informed of transaction
 
28 June 2013
 
Name of contact and telephone number for queries
 
Isabel Dolan - tel: 020 7601 1850
Partner of Albion Ventures LLP as Company Secretary to Albion Income & Growth VCT PLC
 
1 July 2013
 
 



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Source: Albion Income & Growth VCT PLC via Thomson Reuters ONE

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