Issue of Equity and Total Voting Rights and Capital

30 Apr 2020 10:22

KINGS ARMS YARD VCT PLC

Issue of Equity and Total Voting Rights and Capital

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Kings Arms Yard VCT PLC (the “Company”) announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Dividend Reinvestment Scheme Terms & Conditions issued to shareholders on 19 April 2011) the Company allotted 1,521,895 ordinary shares of 1 penny each (the “new ordinary shares”) in the capital of the Company on 30 April 2020. The new ordinary shares were issued at a price of 19.19 pence per ordinary share, comprising the most recent net asset value less the dividend of 0.6 pence per ordinary share.

Of the 1,521,895 new ordinary shares allotted on 30 April 2020, an application has been made to the UK Listing Authority for the admission of 510,176 new ordinary shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence on 1 May 2020. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

A further application will be made to the UK Listing Authority for 508,223 shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. It is expected that dealings will commence on 8 May 2020. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

A further application will be made to the UK Listing Authority for the 503,496 remaining shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. It is expected that dealings will commence on 15 May 2020. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

Following the issue of the new ordinary shares, the capital of the Company as at 30 April 2020 consists of 432,294,958 ordinary shares of which 56,023,512 are in Treasury.

Therefore, the total number of voting rights in the Company is 376,271,446 which may be used by shareholders or 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.

30 April 2020

For further information please contact:

Vikash HansraniOperations Partner

Albion Capital Group LLP Tel: 020 7601 1850