Albion Technology & General VCT PLC
Issue of Equity and Total Voting Rights and Capital
Albion Technology & General VCT PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders on 18 April 2008) the Company allotted 232,412 Ordinary shares of 1 penny each (the "New Ordinary shares") in the capital of the Company on 29 April 2016. The New Ordinary shares were issued at a price of 71.42p per Ordinary share, comprising the net asset value at 31 December 2015 less the dividend of 1.25 pence per Ordinary share paid on 29 January 2016 and the 1.25 pence per Ordinary share dividend to be paid on 29 April 2016.
Of the 232,412 New Ordinary shares allotted on 29 April 2016, an application has been made to the UK Listing Authority for the admission of 127,307 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 3 May 2016. 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 105,105 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 10 May 2016. 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 29 April 2016 consists of 100,188,013 Ordinary shares of which 9,100,070 shares are held in treasury.
Therefore the total number of voting rights in the Company is 91,087,943 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 and Transparency Rules.
For further information please contact:
Albion Ventures LLP
29 April 2016
Tel: 020 7601 1850