Albion Ven Cap Trust Issue Of Equity And Total Voting Rights And Capital
31 Juli 2023 - 12:28PM
UK Regulatory
TIDMAAVC
Albion Venture Capital Trust PLC
Issue of Equity and Total Voting Rights and Capital
LEI CODE 213800JKELS32V2OK421
Albion Venture Capital Trust PLC (the "Company") announces that,
further to the Dividend Reinvestment Scheme (details of which were
set out in the Circular issued to shareholders on 10 July 2008),
the Company allotted 548,397 ordinary shares of 1 penny each (the
"New Ordinary Shares") in the capital of the Company on 31 July
2023. The New Ordinary Shares were issued at a price of 49.61 pence
per ordinary share, comprising the most recent net asset value of
50.88 pence per ordinary share less the dividend of 1.27 pence per
ordinary share.
Of the 548,397 New Ordinary Shares allotted on 31 July 2023, an
application has been made to the UK Listing Authority for the
admission of 188,031 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 1 August 2023. The New
Ordinary Shares will rank pari passu in all respects with the
existing Ordinary shares in issue.
A further application will be made to the UK Listing Authority
for 189,307 shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's
main market for listed securities. It is expected that dealings
will commence on or before 8 August 2023. The New Ordinary Shares
will rank pari passu in all respects with the existing Ordinary
shares in issue.
A final application will be made to the UK Listing Authority for
the 171,059 remaining shares to be admitted to the Official List of
the UK Listing Authority and to trading on the London Stock
Exchange's main market for listed securities. It is expected that
dealings will commence on or before 15 August 2023. 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, the capital of
the Company as at 31 July 2023 consists of 160,072,698 ordinary
shares of which 20,028,840 shares are held in treasury.
The total number of voting rights in the Company is 140,043,858
which may be used by shareholders or other persons 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 Guidance and
Transparency Rules.
31 July 2023
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Tel: 020 7601 1850
(END) Dow Jones Newswires
July 31, 2023 06:28 ET (10:28 GMT)
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