Albion Venture Capital Trust PLC : Director/PDM...

ALBION VENTURE CAPITAL TRUST PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
  
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.
  
1. Name of the issuer

Albion Venture Capital Trust PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(c) 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. Names of persons discharging managerial responsibilities/director

J.N Rounce (Director - Albion Venture Capital Trust PLC)
P. H. Reeve (Managing Partner - Albion Ventures LLP, the Investment Manager)
W. T. Fraser-Allen (Deputy Managing Partner - Albion Ventures LLP)
I. A. Anstis (Operations Partner - Albion Ventures LLP)
E. Gigov (Partner - Albion Ventures LLP)
R. Whitby-Smith (Partner - Albion Ventures LLP)
C. Ruedig (Investment Manager - Albion Ventures LLP)

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.N Rounce is a Director of Albion Venture Capital Trust PLC, and the 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

New Ordinary shares of 50p each

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

J.N Rounce                           3,766 Ordinary shares
P. H. Reeve                           21,752 Ordinary shares
W. T. Fraser-Allen                3,383 Ordinary shares
 I. A. Anstis                          1,873 Ordinary shares (direct holding) and 9,000 Ordinary shares (nominee holding)
E. Gigov                                1,883 Ordinary shares
R. Whitby-Smith                  1,883 Ordinary shares

8. State the nature of the transaction

Issue of New Ordinary shares under the first allotment of the Albion VCTs Linked Top Up Offer 2011/2012

9. Number of shares, debentures or financial instruments relating to shares acquired

J.N Rounce                           2,871 Ordinary shares
P. H. Reeve                           1,914 Ordinary shares
W. T. Fraser-Allen                1,914 Ordinary shares
I. A. Anstis                            2,871 Ordinary shares
E. Gigov                                 1,914 Ordinary shares
R. Whitby-Smith                  1,914 Ordinary shares
C. Ruedig                              3,828 Ordinary shares

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.048% (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

£0.815 per New Ordinary share

14. Date and place of transaction

10 January 2012

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

J.N Rounce                           6,637 Ordinary shares (0.018%)
P. H. Reeve                           23,666 Ordinary shares (0.066%)
W. T. Fraser-Allen                5,297 Ordinary shares (0.015%)
I. A. Anstis                         4,744 Ordinary shares (direct holding) and 9,000 Ordinary shares (nominee holding) (in total: 0.038%)
E. Gigov                                 3,797 Ordinary shares (0.011%)
R. Whitby-Smith                  3,797 Ordinary shares (0.011%)
C. Ruedig                              3,828 Ordinary shares (0.011%)

16. Date issuer informed of transaction

10 January 2012

Name of contact and telephone number for queries

Isabel Dolan - Tel: [phone]
Partner of Albion Ventures LLP as Company Secretary to Albion Venture Capital Trust PLC

11 January 2012

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(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 Venture Capital Trust PLC via Thomson Reuters ONE

HUG#1576923