Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Issue of Equity and Total Voting Rights.

Issue of Equity and

iCrowdNewswire   Sep 30, 20202:44 PM ET

Albion Development VCT PLC

Issue of Equity and Total Voting Rights


Albion Development VCT PLC (the “Company”) announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders August 2008), the Company allotted 401,094 Ordinary shares of 1 penny each (the “new ordinary shares”) in the capital of the Company on 30 September 2020. The new ordinary shares were issued at a price of 77.31 pence per ordinary share, comprising the most recent net asset value less the dividend of 1.99 pence per ordinary share.

Accordingly, application has been made to the UK Listing Authority for the admission of the 401,094 new 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 1 October 2020. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

Following the issue of the new ordinary shares, the capital of the Company as at 30 September 2020 consists of 103,974,504 ordinary shares of which 11,318,992 shares are held in treasury.

Therefore, the total number of voting rights in the Company is 92,655,512 which may be used by shareholders or other persons 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, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

For further information please contact:

Vikash Hansrani
Operations Partner

Albion Capital Group LLP

30 September 2020

Tel: 020 7601 1850

Contact Information:

Vikash Hansrani
Operations Partner

Tags:    Wire, Disclosure Newswire, United States, English