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Wednesday, 31 January 2018

Issue of Equity and Total Voting Rights

     

Published: 10:54 CET 31-01-2018 /GlobeNewswire /Source: Albion Venture Capital Trust PLC / : AAVC /ISIN: GB0002039625

Issue of Equity and Total Voting Rights

Albion Venture Capital Trust PLC

 

Issue of Equity and Total Voting Rights

 

LEI CODE 213800JKELS32V2OK421

 

Albion Venture Capital Trust PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders on 10 July 2008), the Company allotted 418,126 Ordinary shares of 1 penny each (the "New Ordinary shares") in the capital of the Company on 31 January 2018. The New Ordinary shares were issued at a price of 71.6p per Ordinary share, comprising the most recent net asset value less the dividend of 2.5 pence per Ordinary share.

 

Of the 418,126 New Ordinary shares allotted on 31 January 2018, an application has been made to the UK Listing Authority for the admission of 139,275 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 or before 1 February 2018. The New Ordinary shares will rank pari passu in all respects with the existing Ordinary shares in issue.

 

A further application will be made to the UK Listing Authority for 139,549 shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. It is expected that dealings will commence on or before 8 February 2018. The New Ordinary shares will rank pari passu in all respects with the existing Ordinary shares in issue.

 

A final application will be made to the UK Listing Authority for the 139,302 remaining shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. It is expected that dealings will commence on or before 15 February 2018. 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 31 January 2018 consists of 96,243,201 Ordinary shares of which 9,247,188 shares are held in treasury.

 

Therefore the total number of voting rights in the Company is 86,996,013 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 and Transparency Rules.

 

31 January 2018

 

For further information please contact:

 

Vikash Hansrani

Operations Partner

 

Albion Capital Group LLP

 

Tel: 020 7601 1850

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Albion Venture Capital Trust PLC, 10 Crown Place, London EC2A 4FT, United Kingdom
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