CBD Close BR.Dev

 
TIDMAADV 
 
 
   ALBION DEVELOPMENT VCT PLC 
 
   The final allotment 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 2014/2015 (the "Offers"), (which was 
launched on 17 November 2014) took place on 30 September 2015. The 
Offers are now closed. 
 
   The Offers constitute separate offers made by each of the Albion VCT's 
which are participating in it. 
 
   The Company has received applications for 908,183 New Ordinary shares at 
an issue price of 73.5 pence per share. The net proceeds for this 
allotment by the Company are approximately GBP647,000. 
 
   Application has been made to the Financial Conduct Authority for 908,183 
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 2 October 2015. 
 
   The record date for the dividend paid of 2.50 pence per share on 30 
September 2015 was 11 September 2015 and as a result, the New Ordinary 
shares would not qualify for this dividend. 
 
   As at this closing on 30 September 2015, the total raised by the Company 
under this Offer was GBP5,807,000. The total raised under the Offers 
made by each of the Albion VCT's which are participating is GBP34.7m. 
 
   Following this allotment and in conformity with the provisions of DTR 
5.6, we would like to notify the market of the following: 
 
   The Company's capital as at 30 September 2015 consists of 59,965,643 
Ordinary shares with a nominal value of 1 penny each. The Company holds 
4,904,700 Ordinary shares in treasury. 
 
   Therefore, the total number of voting rights in the Company is 
55,060,943, 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 Rules and Transparency Rules. 
 
   For further information, please contact: 
 
   Patrick Reeve 
 
   020 7601 1850 
 
   30 September 2015 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire 
 
   HUG#1955862 
 
 
  http://www.closeventures.co.uk 
 

(END) Dow Jones Newswires

September 30, 2015 13:15 ET (17:15 GMT)

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