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Issue of Equity and Total Voting Rights

Albion Venture Capital Trust PLC
·2-min read

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 329,463 ordinary shares of 1 penny each (the "new ordinary shares") in the capital of the Company on 29 January 2021. The new ordinary shares were issued at a price of 67.85p per ordinary share, comprising the most recent net asset value less the dividend of 1.74 pence per ordinary share.

Of the 329,463 New Ordinary shares allotted on 29 January 2021, an application has been made to the UK Listing Authority for the admission of 145,383 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 February 2021. 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 143,903 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 February 2021. 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 40,177 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 February 2021. 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 January 2021 consists of 116,549,525 ordinary shares of which 15,909,264 shares are held in treasury.

Therefore the total number of voting rights in the Company is 100,640,261 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 January 2021

For further information please contact:

Vikash Hansrani
Operations Partner

Albion Capital Group LLP

Tel: 020 7601 1850