Albion Venture Capital Trust PLC
Issue of Equity and Total Voting Rights
LEI CODE 213800JKELS32V2OK421
Albion Venture Capital Trust PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders on 10 July 2008), the Company allotted 525,971 ordinary shares of 1 penny each (the "new ordinary shares") in the capital of the Company on 29 July 2022. The new ordinary shares were issued at a price of 52.05p per ordinary share, comprising the most recent net asset value of 53.38p per ordinary share less the dividend of 1.33 pence per ordinary share.
Of the 525,971 New Ordinary shares allotted on 29 July 2022, an application has been made to the UK Listing Authority for the admission of 191,029 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 or before 1 August 2022. 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 191,645 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 or before 8 August 2022. The New Ordinary shares will rank pari passu in all respects with the existing Ordinary shares in issue.
A final application will be made to the UK Listing Authority for the 143,297 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 or before 15 August 2022. 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 31 July 2022 consists of 138,135,653 ordinary shares of which 17,153,431 shares are held in treasury.
The total number of voting rights in the Company is 120,982,222 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.
29 July 2022
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Tel: 020 7601 1850
