Issue of Equity and Total Voting Rights

Issue of Equity and Total Voting Rights

Albion Development VCT PLC

Issue of Equity and Total Voting Rights

Albion Development VCT PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders December 2011), the Company allotted 298,848 Ordinary shares of 1 penny each (the "New Ordinary shares") in the capital of the Company on 31 May 2017. The New Ordinary shares were issued at a price of 72.0 pence per Ordinary share, comprising the most recent net asset value less the dividend of 2.0 pence per Ordinary share.

Of the 298,848 New Ordinary shares allotted on 31 May 2017, an application has been made to the UK Listing Authority for the admission of 132,310 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 June 2017. 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 118,785 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 June 2017. 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 47,753 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 June 2017. 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 May 2017 consists of 74,804,925 Ordinary shares of which 6,868,700 Ordinary shares are held in treasury.

Therefore the total number of voting rights in the Company is 67,936,225 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.

For further information, please contact:

Vikash Hansrani
Albion Ventures LLP

Company Secretary

31 May 2017

Tel: 020 7601 1850

LEI Code 213800FDDMBD9QLHLB38




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

UK 100

Latest directors dealings