CRWN Albion Crown Vct Plc

 
TIDMCRWN 
 
 
   Issue of Equity and Total Voting Rights and Capital 
 
   CROWN PLACE VCT PLC 
 
   LEI Code 213800SYIQPA3L3T1Q68 
 
   The first and final allotment for the 2020/2021 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 2019/20 (the 
"Offers"), (which was launched on 22 October 2019) took place on 30 
April 2020. 
 
   Pursuant to the Prospectus, the Company offered an early bird discount 
of 1% on issue costs to existing shareholders and 0.5% 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 31 
January 2020 across the five 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 287,098 new ordinary 
shares which will be allotted at an issue price of 32.6 pence per share 
from existing shareholders which qualified for the early bird discount. 
A further 106,989 new ordinary shares will be allotted at an issue price 
of 32.9 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 GBP0.1m, bringing net total raised by the 
Company under the prospectus to GBP3.8m. 
 
   Application has been made to the Financial Conduct Authority for 394,087 
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 May 2020. 
 
   The Offers which constitute separate offers have been fully subscribed 
and all have been closed to further applications. 
 
   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 30 April 2020 consists of 220,036,874 
ordinary shares with a nominal value of 1 penny each. The Company holds 
22,528,992 ordinary shares in Treasury. 
 
   Therefore, the total number of voting rights in the Company is 
197,507,882, 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 
 
   30 April 2020 
 
 
 
 

(END) Dow Jones Newswires

April 30, 2020 09:58 ET (13:58 GMT)

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