CROWN PLACE VCT PLC
The final allotment for the Albion VCTs Top Up Offers 2012/2013 (the 'Offers') took place on 12 June 2013. The Offers are now closed. The total raised under the Offers across six of the funds managed by Albion Ventures LLP was £12.8m (including amounts reinvested). The Offers constitute separate Offers made by each of the Albion VCT's which are participating in it.
New Ordinary shares of nominal value 10 pence per share in Crown Place VCT PLC were issued under the Offers (which was launched on 19 October 2012) on 12 June 2013 at an issue price of 32.7 pence per New Ordinary share.
The allotment on the 12 June 2013 is in respect of the tax year end 5 April 2014.
Applications for 1,387,196 New Ordinary shares in Crown Place VCT PLC were received.
The net proceeds for this allotment by the Company are approximately £440,000.
The gross sum raised by the Company by way of the issue of new shares in the last 12 months (through top up offers and dividend reinvestment schemes) is approximately £2,181,000 (representing approximately 7.3% of the issued share capital).
Application has been made to the Financial Conduct Authority for 1,387,196 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.
It is expected that admission will become effective and that dealings in the shares will commence on or before 8.00 a.m. on 17 June 2013.
Following this allotment, and in conformity with the Transparency Directive's transitional provision 6, we would like to notify the market of the following:
Crown Place VCT PLC's capital as at 12 June 2013 consists of 93,119,904 Ordinary shares with a nominal value of 10 pence each. Of these, 8,794,410 Ordinary shares are held in Treasury.
Therefore, the total number of voting rights in Crown Place VCT PLC is 84,325,494, which may be used by shareholders 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, Crown Place VCT PLC under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Patrick Reeve
Albion Ventures LLP
020 7601 1850
12 June 2013