CRWN Albion Crown Vct Plc

 
TIDMCRWN 
 
 
   Issue of Equity and Total Voting Rights 
 
   CROWN PLACE VCT PLC 
 
   LEI Code 213800SYIQPA3L3T1Q68 
 
   The first allotment for the 2018/2019 tax year of new ordinary shares of 
nominal value 1 penny per share in Crown Place VCT PLC (the "Company") 
under the Albion VCTs Prospectus Top Up Offers 2018/19 (the "Offers"), 
(which was launched on 7 January 2019) took place on 1 April 2019. 
 
   Pursuant to the Prospectus, the Company offered a 1% discount on issue 
costs to existing shareholders and 0.5% discount on issue costs to new 
subscribers. These early bird discounts were available to investors who 
subscribed for new shares for the first GBP10m by 2 p.m. on 28 February 
2019 across the six VCTs participating in the Offers. The cost of these 
discounts is being borne by the Manager, Albion Capital Group LLP. The 
issue pricing of the new shares has been calculated to avoid any capital 
dilution to existing shareholders who do not participate in the Offers. 
 
   The Company has received valid applications for 2,729,267 new ordinary 
shares which will be allotted at an issue price of 34.8 pence per share 
from existing shareholders and 687,998 new ordinary shares allotted at 
an issue price of 35.0 pence per share for new subscribers, both of 
which qualified for the early bird discount. A further 16,134,611 new 
ordinary shares will be allotted at an issue price of 35.2 pence per 
share (which did not qualify for the early bird discount). The total net 
proceeds receivable by the Company for these allotments is approximately 
GBP6,709,000. 
 
   Application has been made to the Financial Conduct Authority for 
19,551,876 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 4 April 2019. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. As at 1 April 2019, the amount raised in 
total across the Albion VCTs under the Offers was GBP44m (of which 
GBP2.5m relates to tax year 2019/2020) and the Offers will remain open 
until 2 p.m. on 30 September 2019 (unless fully subscribed before this 
date). 
 
   Following this allotment and in conformity with the provisions of DTR 
5.6, we make the following notifications in connection with the issued 
share capital of the Company: 
 
   The Company's capital as at 1 April 2019 consists of 203,985,576 
ordinary shares with a nominal value of 1 penny each. The Company holds 
19,406,410 ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
184,579,166, which may be used by shareholders and 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. 
 
   For further information, please contact: 
 
   Albion Capital Group LLP 
 
   Company Secretary 
 
   020 7601 1850 
 
   2 April 2019 
 
 
 
 

(END) Dow Jones Newswires

April 02, 2019 06:12 ET (10:12 GMT)

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