Director/PDMR Shareholding

Director/PDMR Shareholding

ALBION DEVELOPMENT VCT PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS


1. Name of the issuer
 
Albion Development VCT PLC
 
2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; or
 
(ii) 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 of Albion Development VCT PLC)
P.H. Reeve (Managing Partner - Albion Ventures LLP, the Investment Manager, Director of Albion Development VCT PLC)
A. Elder (Partner - Albion Ventures LLP)
D.Gudgin (Partner - Albion Ventures LLP)
C.Ruedig (Investment Director - Albion Ventures LLP)
Albion Ventures LLP (The Investment Manager)
 
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 and P.H. Reeve are Directors 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 - 43,808 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- 16,645 Ordinary shares and 40,849 D shares (Direct)
Shares held by nominee - 47,002 Ordinary shares (Nominee)
A. Elder -     4,798 Ordinary shares and 11,666 D shares
D.Gudgin -   4,504 Ordinary shares and 10,400 D shares
C.Ruedig -  11,831 Ordinary shares
Albion Ventures LLP - 22,283 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           1,517 Ordinary shares
P. H. Reeve                    577 Ordinary shares and 954 D shares
A. Elder                          166 Ordinary shares and 273 D shares
D. Gudgin                       156 Ordinary shares and 242 D shares
C. Ruedig                        409 Ordinary shares
Albion Ventures LLP         771 Ordinary shares
 
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.010% Ordinary shares
0.023% 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
 
£0.722   per Ordinary Share
£1.071   per D Share
 
14. Date and place of transaction
 
Dividend reinvestment scheme - allotment date 30 May 2014. London Stock Exchange  
 
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 - 45,325 Ordinary shares (0.125%) and 10,400 D shares (0.163%)
Shares held by nominee - 20,000 Ordinary shares (0.055%)
Shares held by family members - 26,787 Ordinary shares (0.074%)
P. H. Reeve - 17,222 Ordinary shares (0.047%) and 41,803 D shares (0.656%) (Direct)
Shares held by nominee - 47,002 Ordinary shares (0.130%) (Nominee)
A. Elder -   4,964 Ordinary shares (0.014%) and 11,939 D shares (0.187%)
D.Gudgin - 4,660 Ordinary shares (0.013%) and 10,642 D shares (0.167%)                   
C.Ruedig -12,240 Ordinary shares (0.034%) 
Albion Ventures LLP - 23,054 Ordinary shares (0.064%)                  
 
16. Date issuer informed of transaction
 
30 May 2014
 
Name of contact and telephone number for queries
 
Vikash Hansrani
Tel: 020 7601 1850
Finance Director of Albion Ventures LLP as Company Secretary to Albion Development VCT PLC
 
30 May 2014
 
 
 
Notes
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.
 
 
 


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire
HUG#1789581

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