Crown Place VCT PLC Issue Of Equity And Total Voting Rights - Correction
04 Juli 2014 - 7:46PM
UK Regulatory
TIDMCRWN
4 July 2014
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 953,781 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 953,781 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 101,147,968 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 91,771,558
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#1815010
http://www.closeventures.co.uk
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