CRWN Albion Crown Vct Plc

 
TIDMCRWN 
 
 
   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 GBP43,000. 
 
   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 GBP297,000. 
 
   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 GBP1,329,000. Furthermore as at this closing 
for the Prospectus Offers on 4 July 2014, the total raised by the 
Company was GBP1,454,000. Therefore the Company has in total raised 
GBP2,783,000. 
 
   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 
 
   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 
 
   HUG#1814950 
 
 
  http://www.closeventures.co.uk 
 

Albion Crown Vct (LSE:CRWN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Albion Crown Vct (LSE:CRWN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024