Issue of Equity and Total Voting Rights
KINGS ARMS YARD VCT PLC
The final allotment for the tax year 5 April 2015, of New Ordinary shares of nominal value 1 penny per share in Kings Arms Yard VCT PLC (the "Company") under the Albion VCTs Prospectus Top Up Offers 2014/2015 (the "Offers"), (which was launched on 17 November 2014) took place on 2 April 2015.
The Company has received applications for 14,511,698 New Ordinary shares at an issue price of 20.0 pence per share. The net proceeds for this allotment by the Company are approximately £2,815,000.
Application has been made to the Financial Conduct Authority for 14,511,698 New Ordinary shares 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. The New Ordinary shares rank pari passu with the existing shares in issue.
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 April 2015.
As at this closing on 2 April 2015, the total raised by the Company under this Offer was £3,918,000.
The Offers constitute separate offers made by each of the Albion VCT's which are participating in it, and will remain open until 30 September 2015 unless they are fully subscribed before this date.
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 2 April 2015 consists of 246,672,923 Ordinary shares with a nominal value of 1 penny each. The Company holds 24,875,000 Ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is 221,797,923, 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
2 April 2015
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kings Arms Yard VCT PLC via Globenewswire
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