Last checked at 
5 Apr 2019 16:01
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights
ALBION DEVELOPMENT VCT PLC
LEI Code 213800FDDMBD9QLHLB38
The second and final allotment for the 2018/2019 tax year of new ordinary shares of nominal value 1 penny per share in Albion Development 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 5 April 2019.
The Company has received valid applications for 680,623 new ordinary shares which will be allotted at an issue price of 86.9 pence per share. The net proceeds receivable by the Company for this allotment is approximately £577,000, bringing net total raised to date under the prospectus to £7,368,000. The issue price of the new shares has been calculated to avoid any capital dilution to existing shareholders who do not participate in the Offers.
Application has been made to the Financial Conduct Authority for 680,623 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 9 April 2019.
The Offers constitute separate offers made by each of the Albion VCT's which are participating in it. As at 5 April 2019, the total amount raised across the Albion VCTs under the Offers was £48m (of which £2.6m relates to tax year 2019/2020). As announced on 3 April 2019 the Company reached its £8m limit under its offer and has now 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 5 April 2019 consists of 92,555,167 ordinary shares with a nominal value of 1 penny each. The Company holds 9,261,156 ordinary shares in Treasury.
The total number of voting rights in the Company is 83,294,011, 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 LLPCompany Secretary 020 7601 1850
5 April 2019