Director/PDMR Shareholding

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
 
J. G. T. Thornton (Director)
P.H. Reeve (Managing Partner - Albion Ventures LLP, the Investment Manager)
A. Elder (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
 
J. G. T. Thornton is a Director of Albion Development VCT PLC. The other 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
 
Ordinary shares of 1p each
D Shares of 1p each
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
 
J. G. T. Thornton - 40,302 Ordinary shares and 10,400 D shares
Shares held by nominee - 20,000 Ordinary shares
Shares held by family members - 26,787 Ordinary shares
P. H. Reeve - 12,842 Ordinary shares and 38,108 D shares (Direct)
Shares held by nominee - 47,002 Ordinary shares (Nominee)
A. Elder -     2,153 Ordinary shares and 10,884 D shares
D.Gudgin  -  4,064 Ordinary shares and 10,400 D shares
C.Ruedig  -   4,145 Ordinary shares
 
8 State the nature of the transaction
 
Allotment under the Albion Development VCT PLC dividend reinvestment scheme
 
9. Number of shares, debentures or financial instruments relating to shares acquired
 
J. G. T.Thornton           1002 Ordinary shares
P. H. Reeve                       450 Ordinary shares and 718 D Shares
A. Elder                               75 Ordinary shares and 204 D Shares
D.Gudgin                        142 Ordinary shares
C.Ruedig                         145 Ordinary shares
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.006% Ordinary shares
0.014% D 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
 
£0.714 per Ordinary share
£0.9295 per D Shares
 
14. Date and place of transaction
 
Dividend reinvestment scheme - allotment date 28 September 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)
 
J. G. T. Thornton - 41,304 Ordinary shares (0.129%) and 10,400 D shares (0.163%)
Shares held by nominee - 20,000 Ordinary shares (0.063%)
Shares held by family members - 26,787 Ordinary shares (0.084%)
P. H. Reeve - 13,292 Ordinary shares (0.042%) and 38,826 D shares (0.609%) (Direct)
Shares held by nominee - 47,002 Ordinary shares (0.147%) (Nominee)
A. Elder -   2,228 Ordinary shares (0.007%) and 11,088 D shares (0.174%)
D.Gudgin - 4,206 Ordinary shares (0.013%) and 10,400 D shares (0.163%)                   
C.Ruedig -  4,290 Ordinary shares (0.013%)                    
 
16. Date issuer informed of transaction
 
28 September 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
 
28 September 2012


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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE
HUG#1644512

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