Albion Development VCT PLC - Ordinary Shares : ...

Albion Development VCT PLC - Ordinary Shares : Director/PDMR Shareholding

ALBION DEVELOPMENT 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 Development 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. Name of person discharging managerial responsibilities/director
 
G.O. Vero                       (Director - Albion Development VCT PLC)
P.H. Reeve                                         (Managing Partner - Albion Ventures LLP, the Investment Manager)
I. Anstis                          (Operations Partner Albion Ventures LLP)
R. Whitby-Smith          (Partner - Albion Ventures LLP)
W. Fraser-Allen             (Partner - Albion Ventures LLP)
E Gigov                          (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
 
Direct for all
 
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 information 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 50p each
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
 
G.O. Vero:                                          13,947 Ordinary shares and 10,400 D shares (Direct)
 
 
P. H. Reeve:                                      10,419 Ordinary shares and 37,405 D shares (Direct)
Shares held by nominee:                 47,002 Ordinary shares (Nominee)
I. Anstis:                                             1,948 Ordinary shares and 10,400 D shares (Direct)
R. Whitby-Smith:                             1,947 Ordinary shares and 10,400 D shares (Direct)
W. Fraser-Allen:                                1,947 Ordinary shares and 12,480 D shares (Direct)
E. Gigov:                                            1,947 Ordinary shares and 10,400 D shares (Direct)
 
8 State the nature of the transaction
 
Issue of New Ordinary shares under the First Allotment of the Albion VCTs Linked Top Up Offer 2011/12
 
9. Number of shares, debentures or financial instruments relating to shares acquired
 
G.O. Vero                                           4,010 Ordinary shares
P. H. Reeve:                                      2,005 Ordinary shares
E Gigov                                               2,005 Ordinary shares
I. Anstis:                                             3,007 Ordinary shares
C. Ruedig:                                          4,010 Ordinary shares
R. Whitby-Smith:                             2,005 Ordinary shares
W. Fraser-Allen:                                2,005 Ordinary shares
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.062% 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
 
£0.7780 per New Ordinary share
 
14. Date and place of transaction
 
10 January 2012
 
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)
 
G.O. Vero                       17,957 Ordinary shares (Direct) (0.058%) and 10,400 D shares (Direct) (0.164%)
P. H. Reeve:                  12,424 Ordinary shares (Direct) and 47,002 Ordinary shares (nominee) (0.193%) and 37,405 D shares (Direct) (0.589%)
E Gigov                           3952 Ordinary shares  (0.013%) (Direct) and 10,400 D shares (Direct) (0.164%)
I. Anstis:                         4955 Ordinary shares  (0.016%) (Direct) and 10,400 D shares (Direct) (0.164%)
C. Ruedig:                      4010 Ordinary shares  (0.013%) (Direct)
R. Whitby-Smith:                             3952 Ordinary shares  (0.013%) (Direct) and 10,400 D shares (Direct) (0.164%)
W. Fraser-Allen:            3952 Ordinary shares  (0.013%) (Direct) and 12,480 D shares (Direct) (0.196%)
 
16. Date issuer informed of transaction
 
11 January 2012
 
Name of contact and telephone number for queries
 
Isabel Dolan - Tel: 020 7601 1850
Partner of Albion Ventures LLP as Company Secretary to Albion Development VCT PLC
 
12 January 2012



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