Total voting rights and Issue of Equity

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 (details of which were set out in the Circular issued to shareholders December 2011), the Company allotted 139,680 Ordinary Shares of 1p each (the "New Ordinary Shares") and 15,927 D Shares of 1p each (the ''New D Shares'') in the capital of the Company on 30 May 2014.

The New Ordinary Shares were issued at a price of 72.2 pence per Ordinary share, comprising the net asset value at 31 March 2014 less the dividend of 2.5 pence per Ordinary share. The New D Shares were issued at a price of 107.1 pence per D share, comprising the net asset value at 31 March 2014 less the dividend of 2.5 pence per D Share.

Accordingly an application has been made to the UK Listing Authority for the admission of 15,927 D 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 2 June 2014. The New D Shares will rank pari passu in all respects with the existing D Shares in issue.

Of the 139,680 New Ordinary shares allotted on 30 May 2014, an application has been made to the UK Listing Authority for the admission of 66,406 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 2 June 2014. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary shares in issue.

A further application for the remaining 73,274 New Ordinary shares will be submitted to the UK Listing Authority to be admitted to the Official List of the UK Listing Authority and for trading on the London Stock Exchange's main market for listed securities. It is expected that dealings will commence on or before 9 June 2014. 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 and New D shares the capital of the Company as at 30 May 2014 consists of 40,311,270 Ordinary shares and 6,397,531 D shares in issue. The Company holds 4,082,000 Ordinary shares and 25,625 D shares in treasury.

Therefore the total number of voting rights in the Company is 36,229,270 in respect of Ordinary shares and 6,371,906 in respect of D shares and the total voting rights are 42,601,176. 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, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Vikash Hansrani
Albion Ventures LLP

30 May 2014

Tel: [phone]

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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

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