Issue of Equity and Total Voting Rights
23 März 2011 - 12:04PM
UK Regulatory
TIDMCRWN
Crown Place VCT PLC
The second allotment of New Ordinary Shares of nominal value 10 pence per share
in Crown Place VCT PLC under the Albion VCTs Linked Top Up Offer (which was
launched on 1 November 2010) took place on 22 March 2011 at an issue price of
35.4 pence per New Ordinary Share.
Applications for 1,833,102 New Ordinary Shares in Crown Place VCT PLC were
received.
The net proceeds of the Offer to date to Crown Place VCT PLC are approximately
GBP1,253,000. The Offer will remain open until 12 noon on 5 April 2011 unless
fully subscribed and closed earlier.
Application has been made to the Financial Services Authority for 1,833,102 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.
It is expected that Admission will become effective, and that dealings in the
shares will commence on or before, 8.00 a.m. on 29 March 2011.
As at this second closing of the Albion VCTs Linked Top Up Offer on 22 March
2011, applications (across all seven of the Albion VCTs) totalling GBP8,559,000
were received, and have been met in full.
Due to recent fluctuations in the pound: Euro exchange rate and the amount of
investors who have elected to have their tax-free dividends reinvested, in
accordance with the "Offer Document" Albion anticipate that the fundraising
limit under this offer will be capped at approximately GBP13.3m.
Further details of the Albion VCTs Linked Top Up Offer (including the Investor
Guide and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.
Following this allotment, and, in conformity with the Transparency Directive's
transitional provision 6 we would like to notify the market of the following:
Crown Place VCT PLC's capital today consists of 82,443,121 Ordinary shares with
a nominal value of 10p each. Crown Place VCT PLC holds 7,260,410 shares in
Treasury.
Therefore, the total number of voting rights in Crown Place VCT PLC is
75,182,711 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 change to their interest in, Crown Place VCT PLC under the FSA's
Disclosure and Transparency Rules.
For further information, please contact:
Patrick Reeve 020 7601 1850
Albion Ventures LLP
23 March 2011
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: Crown Place VCT PLC via Thomson Reuters ONE
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