Crown Place VCT PLC : Issue of Equity and Total...

CROWN PLACE VCT PLC

The first allotment for the tax year 5 April 2015 of New Ordinary shares of nominal value 10 pence per share in Crown Place VCT PLC (the "Company") under the Albion VCTs Top Up Offers 2013/2014 (the "Top Up Offers") (which were launched on 6 November 2013) took place on 4 July 2014.

In addition the first allotment for the tax year 5 April 2015 of New Ordinary shares of nominal value 10 pence per share in the Company under the Albion VCTs Prospectus Top Up Offers 2013/2014 (the "Prospectus Offers") (which were launched on 19 March 2014) took place on 4 July 2014.

Pursuant to the Top Up Offers document, the Company offered a 1% discount on issue costs to existing shareholders and 0.5% discount on issue costs to new shareholders that submitted applications before 31 January 2014. The cost of these discounts is being borne by the Manager, Albion Ventures LLP. The Company received applications for allotment of 23,321 New Ordinary shares at an issue price of 31.8 pence per share from existing shareholders, 12,538 New Ordinary shares at an issue price of 31.9 pence per share for new shareholders and a further 101,104 New Ordinary shares at an issue price of 32.1 pence per share. The net proceeds for this allotment by the Company are approximately £43,000.

The Company received applications for 1,090,744 New Ordinary shares pursuant to the Prospectus Offers at an issue price of 32.1 pence per share. The net proceeds for this allotment by the Company are approximately £297,000.

Application has been made to the Financial Conduct Authority for 136,963 New Ordinary shares under the Top Up Offers and 1,090,744 New Ordinary shares under the Prospectus Offers to be admitted to the Official List and to the London Stock Exchange for the New Ordinary shares to be admitted to trading on the London Stock Exchange's market for listed securities.
It is expected that Admission will become effective, and that dealings in the shares will commence on or before 8.00 a.m. on 8 July 2014.

As at this closing for the Top Up Offers on 4 July 2014, the total raised by the Company was £1,329,000. Furthermore as at this closing for the Prospectus Offers on 4 July 2014, the total raised by the Company was £1,454,000. Therefore the Company has in total raised £2,783,000.

The Top Up Offers and Prospectus Offers constitute separate offers made by each of the Albion VCTs which are participating in it. The Prospectus Offers remain open for the 2014/2015 tax year and are expected to close no later than 30 September 2014, unless fully subscribed by an earlier date or previously closed.

Following this allotment and in conformity with the provisions of DTR 5.6, we would like to notify the market of the following:

The Company's capital as at 4 July 2014 consists of 101,284,931 Ordinary shares with a nominal value of 10 pence each, of which 9,376,410 Ordinary shares are held in Treasury.

Therefore the total number of voting rights in the Company is 91,908,521 which 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:
Patrick Reeve
020 7601 1850

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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: Crown Place VCT PLC via Globenewswire

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