Total Voting Rights and Issue of Equity

Total Voting Rights and Issue of Equity

31 May 2013

Albion Development VCT PLC

Total Voting Rights and Issue of Equity

Albion Development VCT PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme introduced by the Company (details of which were set out in the Dividend Reinvestment Scheme Terms & Conditions issued to shareholders December 2011), the Company today allotted 100,323 Ordinary Shares of 1p each (the "New Ordinary Shares") and 17,709 D Shares of 1p each (the ''New D Shares'') in the capital of the Company. 

The New Ordinary Shares were issued at a price of 71.5 pence, comprising the net asset value at 31st December 2012 less the dividend of 2.5 pence per Ordinary share. The New D Shares were issued at a price of 95.4 pence, comprising the net asset value at 31st December 2012 less the dividend of 2.5 pence per D Share.

Accordingly, application has been made to the UK Listing Authority for the admission of the 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 5 June 2013. The New Ordinary Shares and D Shares will rank pari passu in all respects with the existing Ordinary shares and D Shares in issue.

Following the issue of the New Ordinary Shares and New D Shares the Company will have 37,104,484 Ordinary shares and 6,364,098 D shares in issue. Albion Development VCT PLC holds 3,428,000 Ordinary shares in Treasury.

Therefore the total number of voting rights in Albion Development VCT PLC is 33,676,484 in respect of Ordinary shares and 6,364,098 in respect of D shares and the total voting rights are 40,040,582. These figures may be used by shareholders 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, Albion Development VCT PLC under the FSA's Disclosure and Transparency rules.

For further information, please contact:

Isabel Dolan
Albion Ventures LLP
Tel: 020 7601 1850




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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

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

HUG#1706263
UK 100

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