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
 
P.H. Reeve (Director of Albion Development VCT PLC and Managing Partner - Albion Ventures LLP, the Investment Manager)
A. Elder (Partner - Albion Ventures LLP)
E. Lascelles (Partner - Albion Ventures LLP)
C. Ruedig (Partner - Albion Ventures LLP)
V. Hansrani (Finance 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
 
P.H Reeve is a Director of Albion Development VCT PLC, and him and the other individuals referred to in 3 above are members and 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
 
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
 
P. H. Reeve-  87,751 Ordinary shares (direct holding), 47,002 Ordinary shares (nominee holding)
A. Elder -      30,831 Ordinary shares
E.Lascelles - 24,969 Ordinary shares
C.Ruedig -     20,442 Ordinary shares
V. Hansrani -   3,399 Ordinary shares                         
Albion Ventures LLP - 39,236 Ordinary shares
 
8. State the nature of the transaction
 
Allotment under the dividend reinvestment scheme
   
9. Number of shares, debentures or financial instruments relating to shares acquired
 
P. H. Reeve                    3,197 Ordinary shares
A. Elder                          1,123 Ordinary shares
E. Lascelles                       910 Ordinary shares
C. Ruedig                        745 Ordinary shares
V. Hansrani                     123 Ordinary shares
Albion Ventures LLP   1,430 Ordinary shares
  
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
 
0.012% 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
 
£0.6860 per Ordinary Share
 
14. Date and place of transaction
 
Dividend reinvestment scheme - allotment date 31 May 2016. 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)
 
P. H. Reeve - 90,948 Ordinary shares, (direct holding), 47,002 Ordinary shares (nominee holding) (in total 0.220%)
A. Elder -       31,954 Ordinary shares (0.051%)
E. Lascelles - 25,879 Ordinary shares (0.041%)
C. Ruedig -     21,187 Ordinary shares (0.034%) 
V.Hansrani -     3,522 Ordinary shares (0.006%)
Albion Ventures LLP - 40,666 Ordinary shares (0.065%)                   
 
16. Date issuer informed of transaction
 
31 May 2016
 
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
 
31 May 2016
 
 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
 (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#2016704

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