Issue of Equity and Total Voting Rights and Capital
31/03/2023 14:30
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CROWN PLACE VCT PLC
Issue of Equity and Total Voting Rights and Capital
LEI Code 213800SYIQPA3L3T1Q68
The second allotment for the 2022/2023 tax year of new ordinary shares of
nominal value 1 penny per share ("New Shares") in Crown Place VCT PLC (the
“Company”) under the Albion VCTs Prospectus Top Up Offers 2022/23 (the
“Offers”), (which was launched on 10 October 2022) took place on 31 March
2023.
The Company has received valid applications for 17,882,171 New Shares which
will be allotted at an issue price of 33.60 pence per share. The total net
proceeds receivable by the Company for this allotment is approximately £5.9
million, bringing net total raised to date under the prospectus to £10.9
million. The issue pricing of the New Shares has been structured to avoid any
capital dilution to existing shareholders who do not participate in the
Offers.
Application has been made to the Financial Conduct Authority for 17,882,171
New Shares to be admitted to the Official List and to the London Stock
Exchange for the New Shares to be admitted to trading on the London Stock
Exchange's market for listed securities. The New Shares rank pari passu with
the existing ordinary shares in issue.
It is expected that admission to the Official List will become effective and
that dealings in the New Shares will commence within three Business Days
following allotment.
The record date in respect of the dividend of 0.79 pence per share to be paid
on 31 March 2023 was 10 March 2023, and as a result, the New Shares did not
qualify for this dividend.
The Offers which constitute separate offers have been fully subscribed and all
have been closed to further applications. The total amount raised across the
Albion VCTs under the Offers is £80 million (of which £77.6 million relates
to this tax year 2022/2023).
Following this allotment and in conformity with the provisions of DTR 5.6, we
make the following notifications in connection with the issued share capital
of the Company:
The Company's capital as at 31 March 2023 consists of 325,992,958 ordinary
shares with a nominal value of 1 penny each. The Company holds 38,617,058
ordinary shares in Treasury.
Therefore, the total number of voting rights in the Company is 287,375,900,
which may be used by shareholders and 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.
For further information, please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Company Secretary
020 7601 1850
31 March 2023